On April 16, 2024, the President signed an amendment to the Accounting Act, which requires large companies to break down information on income tax paid and other data by country. The amendment aims to align Polish regulations with the EU Directive 2021/2101 of the European Parliament and the Council of November 24, 2021, which amends
Learn more24 June 2024
Preferential rules for taxing dividends and other income of holding companies in Poland and in the European Union are intended to support holding activities and avoid double taxation. In practice however, it is becoming increasingly difficult to benefit from WHT relief for holding companies in Poland. Why and when can they be applied? What advantages
Learn more20 June 2024
On June 5, the president signed an amendment to the VAT Act, which postpones the mandatory implementation of the National System of e-Invoices (KSeF) to February 1, 2026. This means that until that date, the rules for issuing invoices will remain unchanged. The law of May 9, 2024, amending the Goods and Services Tax law
Learn more17 June 2024
The FASTER Directive on Withholding Tax (WHT) The European Union aims to simplify and speed up the procedures related to withholding tax relief in order to increase the efficiency of EU capital markets. The new initiative provides for the introduction of two mechanisms: withholding tax relief and a quick refund system for overpaid taxes. The
Learn more14 June 2024
To address the challenges of the rapidly developing digital economy, the European Union has proposed the “VAT in the Digital Age” (ViDA) package. The goal of these changes is to modernize VAT collection methods, making them effective for both traditional and digital business models. During the May meeting of the ECOFIN Council, the key aspects
Learn more7 June 2024
On June 4-5, 2024, the Monetary Policy Council held a meeting during which it 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 rediscount rate at
Learn more6 June 2024
On March 12th, 2024, the Council of Ministers adopted a draft amendment to the Act on the National Revenue Administration and other acts, presented by the Minister of Finance. The new regulations introduce significant changes aimed at aligning Polish law with EU regulations and strengthening control over the flow of financial resources. What are the
Learn more28 May 2024
Success in the Top 100 Global Most Loved Workplace 2024 ranking is a reason for immense pride and joy! It marks yet another year where HLB International finds itself in the elite tier of this prestigious compilation. This serves as evidence of our unwavering commitment to creating an exceptional work environment where employees feel valued
Learn more24 May 2024
In the Polish tax system, there are many categories of income subject to Personal Income Tax (PIT). One such income is the lump sum paid to an employee for using his private car for local business travel. This topic is controversial in both practice and doctrine. The ruling of the Supreme Administrative Court (SAC) on
Learn more23 May 2024
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
Learn more21 May 2024
We are pleased to announce that getsix® Polska, has been awarded ISO/IEC27001:2013 A1 certification by TÜV Rheinland. This certificate confirms that our information security management system complies with the international standard ISO/IEC27001. This means that we provide a high level of protection for our customers’ information, including personal data, confidential business information and financial data.
Learn more19 May 2024
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
Learn more17 May 2024
In the judgment dated March 27, 2024 (ref. I SA/Lu 33/24), the Provincial Administrative Court in Lublin ruled that a cash payment into a supplier’s bank account cannot be included in tax-deductible expenses, as it does not meet the requirements of Article 22p(1) of the Personal Income Tax Act (PIT). Context An entrepreneur requested an
Learn more13 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
Learn more10 May 2024
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
Learn more8 May 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
Learn more7 May 2024