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VAT on imports of goods According to Article 2.7 of this Act, import is nothing else than the import of goods from a third country to the territory of the Republic of Poland. What is the definition of goods according to the above-mentioned Act? How to correctly settle VAT on imports and what changes have occurred in the case of authorized economic operators (AEO)? Standard Audit File With effect from 1 January 2018, the obligation to maintain an electronic VAT sales and purchases register and to submit the data as a Standard Audit File (SAF_VAT), will apply to all VAT payers, including micro-enterprises. What exactly can we expect in the coming year? Characteristics of the financial statments The International Financial Reporting Standards (IFRS) and the Accounting Act define the characteristics that financial statements should have. Below are the most important ones. Work visa in Poland A foreign national who wants to work legally in Poland is obliged to obtain a work visa. What is it, how does it work and what rights does it give? We explain everything below. Employment certificates after changes On January 1 and June 1 2017, new regulations were introduced dealing with the issue of employment certificates issued to employees by employers after termination of employment. In this article we describe what has changed in this regard. Employment of foreigners in Poland When Polish companies find it hard to fill their vacancies on the local market, they increasingly look towards foreign nationals to fill the void, mainly from the East. Employment of a citizen from a non-EU country requires the fulfilment of certain conditions. The minimum wage in Poland in 2018 2000 zl. gross - this is the minimum wage in 2017. It will be changed in 2018 in line with the Ordinance of the Council of Ministers. How much will it be changed to? What costs should entrepreneurs expect to incur? What increases will the lowest earners get? We took a look at these issues. Changes In VAT- Split payment The split payment mechanism is one of the tools which the government intends to use to fight VAT fraud. At the beginning of August, a number of changes were made to the bill implementing this mechanism, although its general concept remains the same. Euro as a functional currency Some companies and offices operating in Poland may use a different functional currency than the zloty, such as the euro, which will have certain accounting consequences. What companies use this practice and what are the implications of using the euro as a functional currency? More about this below. Online accounting services The times when an entrepreneur had to personally deliver documents to the accounting office or send them by mail or courier, have long since passed. Read about how the process works and what benefits it can bring. Entitled to subsidized financing of their vacation leave Employees on an employment contract are entitled to subsidized financing of their vacation leave. What are the conditions and sources of such financing? There are two possibilities: either through the Company Social Benefits Fund or through vacation benefits. Find out which is applicable in which situation. Vacation leave are governed by The Labour Code The regulations on vacation leave are governed by the Labour Code. Below we review and analyse what entitlements employees have in this respect.