Settling VAT is a mandatory task for every active taxpayer in Poland. In 2025, businesses can choose between two main VAT accounting methods: the cash method and the accrual (memorandum) method. Choosing the right method directly impacts cash flow management, reporting deadlines, and overall financial strategy. For businesses looking for professional help, accounting services can…
Starting January 1, 2026, entrepreneurs in Poland will once again be able to return to the Small ZUS Plus relief more easily. Instead of the previous 36-month break, a 24-month gap will now be enough to reapply for the relief in social security contributions. This important change aims to make running a business simpler and…
The split payment mechanism (MPP) is regulated under Articles 108a–108f of the VAT Act. It was introduced to protect the tax system against fraud but has since become an important part of everyday business transactions in Poland. What is a split payment? The split payment mechanism divides an invoice payment into two parts: Although the…
Choosing the right company vehicle is not just a logistical decision—it directly affects your accounting, taxes, and overall business costs. In Poland, the tax treatment of a passenger car and a truck differs significantly, particularly when it comes to VAT deductions, amortization, and operational expenses. How much VAT can you deduct on a passenger car…
Fixed assets play a key role in the asset structure of every entity – both from an accounting and tax perspective. Here is an overview of the most important rules concerning fixed assets. What is a fixed asset? According to the Polish Accounting Act, a fixed asset is a tangible asset that: Examples include: Sale…
Starting from January 1, 2025, a new Polish Classification of Activities (PKD 2025) will replace the current PKD 2007. This update is crucial for businesses as PKD codes are essential for registering activities and complying with regulations related to various forms of business support. Why are the changes being introduced? PKD 2025 is the result…
The amendment to the Anti-Money Laundering and Terrorist Financing Law (AML) came into effect on October 31st, 2021. It is one of the basic obligations of Polish entrepreneurs. This obligation originated from the introduced law in the European Union. The purpose of the established law is to prevent the introduction of illegally sourced assets and…
Navigating the intricacies of accounting in a foreign land can be challenging. An English-speaking accountant can be a game changer if you seek professional accounting services in Poland, especially if you don’t speak Polish. This article outlines the benefits of enlisting the services of an English-speaking accountant in Poland, providing insight into how these services…
