Calculating vacation pay is exteremely important – an employer must ensure fair compensation for their employees. The Regulation of the Minister of Labour and Social Policy stipulates that salary and benefits are taken into account when determining vacation pay. The basis of the pay include elements such as: additional pay earnings – bonuses, commisions, internship…
Transfer pricing are the costs set by entrepreneurs for goods, intangible goods and services that are provided for related parties. Related parties include plants, subsidiaries, branches or other enterprises. Entrepreneurs rely on market prices i.e. amounts that are used in transactions between (independent) parties. Two functions of transfer pricing: distribution of income – during the…
Health insurance Health insurance is any period of health insurance, if the break in-between them was a break of no more than 30 days, or it was directly caused by parental or unpaid leave. The right to sickness benefit is given from the very first day to: school or university graduates who were covered by…
In Poland, the obligation to pay health and social contributions is entirely on the employer’s side. As the Article 36(2) of the Social Insurance Law and Article 17(1) and (2) of the Social Insurance Law say, one of the employer’s duties is to enroll the employee in social insurance and to calculate as well as…
Those who decide to run their own business must expect to have a business plan, a strong character and, above all, time to devote to the development of their company. In this article, we present some important information that you should know before setting up your own business in Poland. At the beginning, what should…
In Poland, there are three ways of accounting for income from business activity: -according to general principles, according to the tax scale (tax rate of 12% and 32%), according to the flat rate (19%), lump-sum tax on registered income. There is a fourth form, the tax card, but it is available to those who, prior…
