Starting from January 1, 2025, a new SME procedure came into effect, which may significantly facilitate business operations for small companies operating within the EU market. The new regulations introduce a simplified VAT exemption system in EU countries. But what does this mean in practice, and who can benefit from the new rules? What is…
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…
Working time is the time during which an employee is ready to provide work and is at the place that the employer has designated. As established in the Labour Code, working time must not exceed: The settlement period is a period of time, such as a month or a quarter, in which the employer adds…
The phrase “undeclared work” is included in the Act of April 20th, 2004, on employment promotion and labour market institutions. According to this law, illegal employment is mainly when: What are the reasons for taking undeclared work? Workers may be tempted by the vision of a bigger paycheck, which will not be reduced by…
Chain transactions are agreements made between several contractors for the sale of the same goods, but the shipment of the goods will take place only once, from the first supplier to the final customer. The sale of the goods is carried out through at least 3 entities. The first entity sells the goods to the…
EURES (EURopean Employment Services) was launched in 1994 as European Employment Services, a network of public employment services in EU countries plus Switzerland, Iceland and Norway. Since 2021, it has been coordinated by the European Labour Office. The main task of EURES is to help job seekers, workers and employers in EU countries, as well…
Cryptocurrencies are defined by Article 2 of the Anti-Money Laundering Law. The definition of cryptocurrency is included in the concept of virtual currency. According to the legislation, virtual currency is a digital representation of value. It is not: an official means of payment issued by the National Bank of Poland, foreign central banks, or other…
In order for an event occurring in the workplace to be called a workplace accident, four main conditions must be met. The accident must be: of external cause – if the cause is both external and internal, the external cause must be the main reason for the accident (actions of third parties or damaged equipment), …
From 1st of November 2024, entrepreneurs will be able to take advantage of contribution holidays which are a new type of relief from paying Social Security contributions. They will be exempt from paying social security contributions, as well as those for the Labor Fund and the Solidarity Fund. This is a voluntary exemption, so the entrepreneur…
