Press room from HLB Poland

The increase in the VAT rate on food from April 1 2024

The increase in the VAT rate on food from April 1, 2024

The Ministry of Finance has announced that from April 1, 2024, the reduced VAT rate on basic food products will not be continued. Instead of the zero VAT rate, which has been in effect since February 2022, a rate of 5% will be applied. This decision was justified by a decrease in inflation, which seems

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15 March 2024

Consultations on the National e Invoicing System KSeF have been completed

Consultations on the National e-Invoicing System (KSeF) have been completed

Earlier this year, the Ministry of Finance announced that the planned introduction of the mandatory National e-Invoicing System (KSeF) would be postponed. This decision was due to numerous inaccuracies in the process, errors, and IT problems that prevented the timely implementation of the system. The Ministry also announced to conduct consultations to address questions and

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13 March 2024

Increased controls in the area of transfer pricing

Increased controls in the area of transfer pricing

The Ministry of Finance has announced that tax authorities are going to increase controls in the area of transfer pricing. Data shows that in the first nine months of 2023, tax authorities conducted over 12,800 tax and over 7,000 combined customs and tax audits. In the face of globalization and increased trade among companies belonging

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11 March 2024

National Bank of Poland interest rates in March 2024

National Bank of Poland interest rates in March 2024

On March 5-6, 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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7 March 2024

A collection of questions and answers regarding the National System of e-Invoices (KSeF)

A collection of questions and answers regarding the National System of e-Invoices (KSeF)

The Ministry of Finance has released a compilation of questions and answers regarding the National System of e-Invoices (KSeF), containing over 100 questions and answers. These issues have been categorized thematically, covering consultations for the year 2024, permissions, authorization processes, system structure, document transmission methods, invoicing procedures, obligations related to KSeF, and technical aspects. The

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4 March 2024

Amendment to the Act on Assistance to Citizens of Ukraine

Amendment to the Act on Assistance to Citizens of Ukraine

The Act of February 9, 2024, amending the Act on Assistance to Citizens of Ukraine in Connection with the armed conflict on the territory of Ukraine, the Act on Personal Income Tax, and the Act on Corporate Income Tax, entered into force on February 22, 2024. The amendment to the Act of March 12, 2022,

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1 March 2024

Binding rate information applications only by electronic means

Binding rate information applications only by electronic means

As of the beginning of 2024, the Polish tax system has undergone a significant change in the process of submitting applications for binding rate information (WIS). The new regulation requires that these applications are submitted exclusively electronically, eliminating traditional paper-based forms. Binding rate information is a key element in the relationship between taxpayers and tax

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27 February 2024

Changes to the deduction for the Company Social Benefits Fund

Changes to the deduction for the Company Social Benefits Fund

The 2024 budget law does not introduce any specific provisions regarding the calculation of the basic deduction for the Company Social Benefits Fund (CSBF). Therefore, general rules will apply, i.e. the amount of the deduction will depend on the average monthly salary, with the term “average salary” referring to the average monthly salary in the

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22 February 2024

Protective opinion regarding the restructuring and transformation of a limited partnership into a limited liability company, as well as its taxation under Estonian CIT approach

Protective opinion regarding the restructuring and transformation of a limited partnership into a limited liability company, as well as its taxation under Estonian CIT approach

On January 22, 2024, a statement was issued regarding the release by the Head of the National Tax Administration (KAS) of a protective opinion dated November 29, 2023, concerning the process of a partner withdrawing from a limited partnership and transforming it into a limited liability company, opting for taxation under the flat-rate income tax

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20 February 2024

Taxation of withdrawals from the Employee Capital Plans (PPK)

Taxation of withdrawals from the Employee Capital Plans (PPK)

On January 18th, 2024, the Supreme Administrative Court (SAC) issued a landmark ruling (case number II FSK 435/21) on the principles of taxation of withdrawals from Employee Capital Plans (PPK). Dispute over interpretation The dispute arose from an interpretation request submitted by an investment fund planning to enter into PPK management and administration agreements with

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15 February 2024

Amendment of the Law on the Protection of Minors - new obligations for employers

Amendment of the Law on the Protection of Minors – new obligations for employers

On Thursday, February 15, 2024, the provisions of the amended Act on Combating Sexual Offences and Protecting Minors will come into force. The new wording of the act and the scope of the applied regulations will concern specific measures for the protection of minors. Before entering into any employment with an individual or before allowing

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12 February 2024

National Bank of Poland interest rates in February 2024

National Bank of Poland interest rates in February 2024

During the meeting on February 6th – 7th the Monetary Policy Council decided to keep the interest rates unchanged. The decision is in line with the economists’ and the market’s expectations. Current NBP (National Bank of Poland) interest rates: reference rate at 5.75% on an annual basis Lombard rate at 6.25% on an annual basis

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9 February 2024

“Your e-PIT” service also for entrepreneurs

“Your e-PIT” service also for entrepreneurs

The “Your e-PIT” service is one of the most popular e-services in public administration. Last year, taxpayers submitted as many as 11.9 million tax declarations using this service. As of February 15, 2024, entrepreneurs will also be able to settle their business activities through the “Your e-PIT” service. This is a novelty that will make

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7 February 2024

Million-Euro investment by foreign companies in the port of Szczecin

Million-Euro investment by foreign companies in the port of Szczecin

The Management Board of the Maritime Ports of Szczecin and Świnoujście SA and the Spanish company Windar Renovables have signed a lease agreement for port areas in Szczecin. The agreement was signed several months after concluding the preliminary agreement in October last year. Under the lease agreement for port areas in Szczecin, Windar Renovables will

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5 February 2024

New draft law on protection of Whistleblowers

New draft law on protection of Whistleblowers

On 11 January 2024, a new draft law appeared on the website of the Governmental Legislation Centre, incorporating changes introduced by the new Ministry of Family, Labour and Social Policy. Legislative work on the draft law on Whistleblowers started at government level back in 2021. The draft law aims to implement Directive 2019/1937 of the

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2 February 2024

New Central Statistical Office (GUS) data on foreign trade

New Central Statistical Office (GUS) data on foreign trade

New data on exports and imports for the period from January to November 2023 have been published on the website of the Polish Central Statistical Office. From January to September 2023, merchandise turnover in foreign trade reached PLN 1,204.2 billion in exports and PLN 1,160.5 billion in imports in current prices. The positive balance amounted

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23 January 2024

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