Press room from HLB Poland

ESG reporting obligations getting closer new challenges for companies

ESG reporting obligations getting closer – new challenges for companies

Today, sustainability and corporate responsibility are becoming increasingly important, and companies must look beyond traditional measures of success such as profit. More and more attention is being paid on the impact that companies have on the environment, society, and corporate governance – ESG (Environmental, Social, and Governance). In December 2022, the European Union took a

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21 May 2024

Application of R&D tax relief in a consulting services company

Application of R&D tax relief in a consulting services company

In the judgment of March 7, 2024, ref. no. II FSK 753/21, the Supreme Administrative Court (NSA) addressed the issue of the application of the R&D tax relief in a consulting services company. This ruling holds significant importance for companies operating in this industry and benefiting from this tax relief. The taxpayer’s situation In the

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17 May 2024

National Bank of Poland interest rates in May 2024

National Bank of Poland interest rates in May 2024

On April 8-9, 2024, a meeting of the Monetary Policy Council took place, during which it was decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an annual basis

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10 May 2024

Non-deductibility of expenses for organizing team-building meetings with co-workers from the company’s income

Non-deductibility of expenses for organizing team-building meetings with co-workers from the company’s income

The Supreme Administrative Court (NSA) has once again taken a position on the deduction of expenses for organizing integration meetings. In its latest ruling dated March 12, 2024 (ref. no. II FSK 759/21), the NSA confirmed that expenses for integration meetings with employees and co-workers, who work under B2B contracts, cannot be included in deductible

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8 May 2024

Optimism and change Financial Sector Outlook HLB Survey of Business Leaders 2024

Optimism and change: Financial Sector Outlook – HLB Survey of Business Leaders 2024

First launched in 2020, the inaugural HLB Survey of Business Leaders focused on uncovering insights into the modern business landscape. Our latest survey draws responses from nearly 1,000 mid-market leaders across 50+ countries to shed light on critical challenges and opportunities for businesses today. In this outlook, we zoom in on Financial Services to illustrate

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7 May 2024

HLB Group once again among the top 10 largest auditors in Poland

HLB Group once again among the top 10 largest auditors in Poland!

We are thrilled to announce that HLB Group Poland has once again been ranked among the prestigious top 10 largest auditors in Poland according to the Rzeczpospolita ranking. This is not only a tremendous honor for us but also a confirmation of our commitment, professionalism, and hard work that we put into every assignment. The

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29 April 2024

The new implementation date of the National System of e-Invoices (KSeF)

The new implementation date of the National System of e-Invoices (KSeF)

The Ministry of Finance, in a press briefing attended by Finance Minister Andrzej Domański and the head of the National Revenue Administration, Marcin Łoboda, announced the new implementation dates for the National System of e-Invoices (KSeF). The National System of e-Invoices will be mandatory from: February 1, 2026 – for companies that achieved turnover above

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26 April 2024

PIT reliefs 2024

PIT reliefs 2024

Deduction covering blood donation purposes The monetary equivalent for one litre of blood was determined on the basis of the Regulation of the Minister of Health and amounts to PLN 130.00. A litre of blood plasma is valued at PLN 170.00. However, the value of the allowance should not exceed 6% of the income indicated

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23 April 2024

Application of the 0% VAT rate on intra-Community supply of goods and knowledge of the identity of the purchaser - CJEU judgment

Application of the 0% VAT rate on intra-Community supply of goods and knowledge of the identity of the purchaser – CJEU judgment

The verdict dated 29th of February 2024, case C-676/22 B2 Energy s.r.o. analyses the issue related to the possibility of applying the VAT exemption when the supplied goods have been shipped to a purchaser other than the one mentioned in the tax documents. Background of the case In 2015, the Czech company B2 Energy made

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19 April 2024

Social security for sickness and maternity

Social security for sickness and maternity

Persons who are obligatorily insured for sickness and maternity are mainly employees. Persons covered by obligatory pension and disability pensions insurance, who, inter alia: work on the basis of an agency agreement or contract of mandate, carry out non-agricultural activity can also be insured, voluntarily, for sickness and maternity. The amount of the sickness contribution

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18 April 2024

Withholding Tax WHT 2024

Withholding Tax (WHT) 2024

Interest, royalties, and others Interest and royalties paid to a non-resident and fees for certain intangible assets and legal services (e.g. consulting, accounting, legal and technical services, advertising, data processing, market research, recruitment, management, inspection services and guarantees, etc.) are subject to 20% withholding tax, unless the rate is not reduced under the agreement on

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16 April 2024

New Supreme Court resolution: Partner of a two-person company and social security

New Supreme Court resolution: Partner of a two-person company and social security

On 21st of February 2024, the Supreme Court issued a resolution, III UZP 8/23, which has generated much discussion and interest in the business and legal community. The resolution concerns issues related to the social insurance of partners of a two-person limited liability company. The key point of the resolution is that a partner holding

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12 April 2024

Over 5 million tax returns filed through e-PIT

Over 5 million tax returns filed through e-PIT

According to information provided by the Head of the National Tax Administration (KAS), over 5 million declarations have already been filed using the Your e-PIT service. Taxpayers settling their PIT for the year 2023, who have utilized the e-PIT service, have already submitted: 4,442,000 PIT-37 declarations, 241,000 PIT-28 declarations, 107,000 PIT-38 declarations, 187,000 PIT-36 declarations,

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10 April 2024

Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from EU list of tax non-cooperative jurisdictions

Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from EU list of tax non-cooperative jurisdictions

In February 2024, the Council of the European Union decided to remove the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the list of EU jurisdictions reluctant to cooperate for tax purposes. As a result of these changes, there are still 12 jurisdictions remaining on the list which are considered reluctant to cooperate in

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8 April 2024

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