How to settle accounts for the import of services? The import of services is defined as the offering of services for the performance of which the recipient becomes a taxable person. In order to correctly make a settlement from the import of services, the following should be taken into account: – the place of taxation…
Termination of the employment contract with an employee requires the employer to take certain actions in accordance with the Labour Code. The ways to terminate an employment contract stated in the Labour Code are: termination of the contract by agreement of the parties, termination of the contract with notice, termination of the contract without notice,…
What is a Relief for Start? Relief for Start is a particular convenience addressed for start-up entrepreneurs. It allows them to minimize business costs for the first six months and be exempt from specific contributions. By taking the Relief for Start, the entrepreneur can have some perks for six months. It is essential to understand…
SLIM VAT 3 came into force on 1 July 2023. It introduced changes concerning the Value Added Tax Act, as well as amendments to other laws. The SLIM VAT 3 changes aim to improve accounting and streamline the paperwork for this tax. Here are some important changes that took effect from 1 July 2023. Small…
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…
On 1st July 2023 epidemic state in Poland has been abolished. As a consequence of this, several rules that were adopted for COVID epidemic no longer apply. They concern labour law and social insurance. Regular medical check-ups During the COVID epidemic, the obligation of medical check-ups was cancelled. This did not apply to check-ups that…
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…
