News

Changes with regard to taxes on leasing in Poland It is worth closely following the revisions to the regulations so as not to be caught out by the changes and the potential benefits they may bring. What exactly has changed and what should you pay special attention to? Certificate of residence in Poland The amendment came into force on January 1, 2019 and seems to be a significant step forward. It turns out, however, that only a few people will actually be entitled to use a copy of their certificate. Employee Capital Plans in Poland The Program of Employee Capital Plans (PPK) they introduced into law, is intended to provide future support for the oldest social class. What is the PPK and what changes will it bring? Rules on keeping and storage of employee personal files From 2019 new regulations was implemented about the rules on keeping and storage of employee personal files in Poland. There are significant changes for employees, as well as in particular for employers. Rules for settlement of tax losses in Poland From the beginning of 2019 another significant change relating to the settlement of losses was introduced, this time in favor of the taxpayer. The new regulation introduced the possibility of a one-off settlement of a tax loss up to PLN 5 million. What does this mean for entrepreneurs? Documentation related to working time in Poland On January 1, 2019, the Labor Code  amended, introducing, among other things, mandatory detailed working time records. The new regulations require that employers adapt to new digitization requirements as well as the requirements of the GDPR. How to choose a tax advisor in Poland It is extremely important to choose an adviser who specializes in business taxation. Finding a proven professional partner is therefore quite a challenge. So how does one choose the right one? Storage of employee files and their digitalization What are the main postulates of the adopted shortening the period of storage of employee files and their digitalization act and what will the new regulations actually change in Polish law. Records of working time in Poland Keeping records of working time is one of the basic duties of every employer in Poland and since 28 May, 2018, the provisions of the GDPR have been in effect. How does this affect the keeping of working time records? Labor Code in Poland The Amendment to the Labor Code is being introduced in response to the continuous digitization of the economy. What changes will be made to the Labor Code with respect to employee documentation? changes in accounting policy in the financial statements in Poland Financial reports contain much valuable information about the business entity. It must be created in a similar way to the data from the previous financial year. Sometimes, however, circumstances may occur that disrupt this comparability. How should changes in accounting policy be presented in the financial statements? The profession of statutory auditors relies on public trust The profession of statutory auditors relies on public trust, which is why their activities require adherence to specific ethical standards. So what should auditors keep in mind to ensure they do not to lose their right to practice?