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The RSM Poland Blog is a practical guide to taxes and business. 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.

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

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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23 December 2019
Piotr STASZKIEWICZ

Another year is coming to an end, so for most companies and accounting departments the time of hard work and preparations to close the books has begun. On the basis of information received from our clients and inquiries addressed to us during the training courses conducted for financial and accounting departments, we have gathered a group of issues which, during the period of preparation of financial statements, are of constant interest and do not lose anything of their relevance. We have already discussed most of them for you on our blog; these are issues related to, among others: leasing, including IFRS 16 Leasing, investments in real estate IAS 40, the revaulation model according to IAS 16 or revenue recognition according to IFRS 15. In the following sequences we will present issues related to the creation and presentation of provisions (IAS 37) and the issue of residual value and depreciation according to IAS 16. Nevertheless, the greatest emphasis will be placed on the analysis of financial instruments.

20 December 2019
Anna JELIŃSKA

As we already know, any foreigner who is a citizen of the European Union and wishes to work on the territory of Poland does not need a work permit. We discussed this in more detail in our last article from a series on employing foreigners in Poland.

However, employing third-country nationals is a more complex procedure, as there are certain permits that must be obtained and the employer must get involved in the process. If the employer fails to meet these obligations, he or she may face quite severe penalties.

27 November 2019
Karolina BARTKOWIAK

Entrepreneurs from German-speaking regions are more frequently asking us about getting A1 certificates for their employees. Let us remind you that an A1 certificate is issued to confirm the social security legislation that applies to its holder. Therefore, this certificate is very important for all those who travel around the European Union, European Economic Area or Switzerland because of their professional commitments, e.g. expats.

25 November 2019
Piotr STASZKIEWICZ

Reaching out to you through different communication channels, we have recently extensively discussed the specific nature of the work of an auditor and the issues connected with their (proper) selection. We would also like to remind you how a company may benefit from being audited. We have already mentioned that it is a good thing if an auditor is your business partner for years, but now we want to show you what this is like in practice: what the benefits an auditor may provide to the audited company are and what the client is actually paying for.

7 November 2019

On 24 June 2019, the Governmental Legislation Center published a draft act amending the VAT Act and the Penal and Fiscal Code. The draft, being primarily a transposition of EU quick fixes regulations, introduces most solutions in the same form as the EU legislator did. We would like to draw your attention to some essential consequences of implementing these changes into the Polish regulations, the good news being they are good for taxpayers.

29 October 2019
Anna JELIŃSKA

In the previous article from a series dedicated to employing foreigners in Poland. we discussed hiring third-country nationals. We have explained that this involves a range of obligations both for the employer and the employee, and any failure to meet these obligations results in certain penalties. Today we are going to analyse whether hiring a foreigner who is a citizen of the European Union (EU), European Economic Area (EEA) or Switzerland (hereinafter referred to as an EU citizen) is indeed a less complicated procedure. Does the employer face penalties if he or she fails to observe the procedures related to a foreigner’s stay on the territory of Poland?

28 October 2019
Piotr STASZKIEWICZ

What are the most common errors I come cross in financial statements? How do they distort the representation of economic events, thus producing unreliable data that is later presented to owners and certain institutions? Hence, what needs to be focused on in order to avoid these errors, close the financial year properly and save yourself the stress involved with an auditor’s visit? I encourage you to read my article as I go on to discuss selected aspects.

18 October 2019
Piotr STASZKIEWICZ

In this and in the next post, I am going to help you all realise and appreciate how immense the impact of managerial decisions is on the quality of company’s reporting. I would like to point out that if the company’s management board (and supervisory bodies) are not aware of the essence of accounting, do not understand the necessity of preparing financial statements and do not recognise the goal behind internal and external audit, any financial data processed by financial and accounting services are subject to material error, or at least fail to represent all economic events fairly and clearly.

9 October 2019
Anna JELIŃSKA

In this series, we will present employer’s obligations resulting from the employment of a non-Polish national. We are going to discuss foreigner’s arrival and stay, employment, as well as tax and insurance obligations involved in this employment. This way, showing you that hiring foreigners in Poland is by no means an uphill struggle, we will make you familiar with procedures and formal requirements that simply must be observed.

4 October 2019
Anna LEHMANN

On 13 July 2018, the Act of 1 March 2018 on Countering Money Laundering and Terrorist Financing (Journal of Laws of 2018, item. 723, hereinafter referred to as “the Act”) entered into force in Poland. The goal behind this regulation was the complete and correct transposition of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. However, certain provisions of the Act will enter into force only after 18 months after the date of its announcement, i.e. 13 October 2019, and will materially affect the operation of many businesses.

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