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The RSM Poland Blog is a practical guide to taxes and business. Written by advisors, auditors and experienced consultants, this space is dedicated to all those who make business decisions on a day-to-day basis. The blog is addressed to entrepreneurs, Tax Managers, CFOs and Chief Accountants: it’s been designed to serve professionals in areas of financial reporting, accountancy, taxes and corporate finance.  We would like to use it as a tool for communicating some of the most interesting tax and economic topics, discussing issues related to incorporation and organisation of companies, touch on transfer pricing and reporting in accordance with Polish and international standards, as well as to study other key notions commonly related to running and managing a business.

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Our posts will be making reference to important and current issues that are typical in a company's day-to-day dealings. We will be discussing problems most frequently faced by taxpayers, accountants and financial personnel. You will be provided with information that is of interest not only to entrepreneurs operating in Poland, but also to foreigners delegated to work here, as well as foreigners who are still considering investment in the country upon the Vistula. Current events will be discussed in the context of local, European and international regulations bringing shape to tax law and reporting standards. 

We will do our best to have even the most complex subjects explained in a concise and practical way, using language that is free from legal and financial speak.

We trust our blog to serve as a source of information and provide support to all those who seek to pursue their business objectives in a safe and effective manner.

Feel free to follow our posts, comment and ask questions.

Keep calm and write on!

 

RSM Poland Blog” is a magazine entered into the Register of Newspapers and Magazines under no. RPR 3381 of the District Court in Poznań, I Civil Department.

The publisher: RSM Poland Spółka Doradztwa Podatkowego S.A.

The publisher’s and the editor’s address: Droga Dębińska 3b, 61-555 Poznań

Editor-in-chief: Izabela Woźniak

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10 December 2018
Lidia PTASIŃSKA

Poland is becoming an increasingly attractive place for investment and is more and more the country of choice for opening businesses by foreign investors. Investors who wish to incorporate a foreign capital company in Poland should first of all make sure that any official documents drafted abroad that are to be applied in public proceedings in Poland are affixed with what is called an apostille. An apostille is a certification clause affixed to foreign public documents that allows for the paper to be used in the proceedings of Polish offices and institutions without the need for further legalisation. Bear in mind that a foreign entrepreneur will certainly visit Polish public offices more than once - not only throughout the company's incorporation and registration process, but also in order to fulfil the company's reporting duties. That is why today I would like to tell you more about the basic reporting duties of business entities with a foreign capital share.

9 November 2018
Piotr WYRWA

Since a tax relief on research and development activity was introduced in 2016, relevant regulations have been amended on a yearly basis. We may have fond memories of the original regulation, as its legislator managed to use only 467 words. Currently, the R&D tax relief is provided for in more than 2,200 words in the CIT Act itself and in provisions of non-tax acts, which are going to be addressed here later.

8 November 2018
Piotr STASZKIEWICZ

Some time ago we wrote about changes pertaining to preparing financial statements and submitting them to a relevant court register, mainly about the fact that as of March 2018 they can be filed only electronically (e.g. in PDF format); yet, this form, simple as it may seem, has caused a lot of trouble, primarily due to the lack of personal identification numbers (PESEL) of board members and the lack of electronic signatures. Since filing financial statements online has proven to be troublesome, we may only guess that as of 1 October 2018 we are going to face a genuine disaster in this respect. Why is this so? Let me explain.

17 October 2018
Przemysław POWIERZA

The split payment is a very broad subject. I could go on and on about it. Below you will find another chunk of questions and answers that crop up in connection with using this system of settlements. I cannot give you a 100 percent guarantee that once you have read our earlier posts (part 1part 2part 3), the split payment mechanism will have no secrets for you. However, knowing the rules and principles of using the SPM will make it easier for you to run your business and avoid tax traps. 

8 October 2018
Przemysław POWIERZA

Last time I focused on answering a lot of technical questions that have emerged in the wake of introducing a new form of settlement, namely the split payment mechanism. In today’s post, I will continue with this topic, hence we will take a closer look at the remaining issues that raise doubts.

24 September 2018
Przemysław POWIERZA

In my last post on the blog, I answered the most frequently asked questions that may crop up when analysing the benefits and drawbacks of the split payment mechanism. If you answered ‘yes’ to the fundamental question whether to use the split payment or not, this post will help you prepare for the proper introduction of the SPM in your organisation. But stay calm, even if you have made this decision, it does not mean that it is written in stone, as the purchaser has the freedom of deciding on how often and how he is going to apply the SPM.

28 August 2018
Przemysław POWIERZA

In newsletter 15/2018, we informed that the Minister of Finance published tax explanations concerning the split payment mechanism (hereinafter referred to as: SPM). Today, I am presenting my first post about the details. Based on the explanations and questions we had received from you, we have created a list of frequently asked questions about the introduction of the SPM. If you are still wondering whether to use the split payment mechanism or not, I encourage you to read my comments.

21 August 2018
Ewelina ZAWIERUCHA

Over the last couple of months, I have been very intensively involved in the recruitment process in our organisation and I talked to male and female candidates who wanted to learn something more about the work in a specific workplace, which an accounting office most certainly is. In wanting to met the expectations, this post has been written for all those who would like to pursue or continue their accountancy career.

20 August 2018
Aleksandra SYSIAK

In the previous article we presented the first step in the model framework of revenue recognition, namely contract identification. Under IFRS 15, revenue should be recognised when contractual obligations are satisfied. Therefore, the entity must first indicate performance obligations in the contract, which makes the second step in the new model of revenue recognition. We are going to discuss it further in this article.  

13 August 2018
Aleksandra SYSIAK

When applying IFRS 15, the first step should be to determine whether the contract exists and has been concluded with the customer

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