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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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13 June 2019
Karolina BARTKOWIAK

In previous posts, we presented a handful of basic information that may be useful for foreign investors planning to start their business in Poland. Undoubtedly, a crucial thing here is the the choice of the legal form of such business, as we discussed e.g.: here. The next big step on the way towards developing a business in Poland is to hire employees. This, in turn, involves an entire range of additional obligations for the employer, such as occupational health and safety, personal income tax and social insurance.

13 June 2019
Tomasz BEGER

Transfer pricing is no longer a purely theoretical issue, but a factor to be taken into account on a daily basis in transactions with related entities. The number and nature of changes that taxpayers have to face in this area is quite challenging. And even though the most recent changes have entered into force as of 2019, taxpayers may decide to apply them to their tax documentation for 2018, as well.

10 June 2019
Piotr WYRWA

There are less than three months left until the obligatory split payment mechanism is introduced. Given how this mechanism is going to impact taxpayers’ cash flows and how many entities will have to face it on a daily basis, we may refer to this as a small revolution.

5 June 2019
Sebastian GOSCHORSKI

As a result of a decision taken by the Ministry of Finance (MF) to reduce the gap in the value added tax (VAT) as fast as possible, a new type of report, JPK_VAT, was implemented as along with the latest technology for data verification and analysis.

28 May 2019
Daniel WIĘCKOWSKI

The Ministry of Finance is continuing its efforts to make the tax system more effective. Already as of 1 January 2020, prior to making any payment of a VAT invoice, the taxpayer shall be under obligation to verify whether the bank account number of the vendor has been revealed in the register kept by the head of the National Revenue Administration (NRA). This obligation, relating to payments exceeding PLN 15,000 made between entrepreneurs, is introduced in the Act of 12 April 2019 amending the Value Added Tax Act and Certain Other Acts which is now awaiting the President’s signature.

27 May 2019
Magdalena ZARZEKA

Automated bookkeeping processes are inevitable; however, as it is usually the case with progress, there is more to it than just advantages. It can be clearly seen when Clients ask us to keep their accounting books on their own system or when we support accountants working in Shared Services Centres.

22 May 2019
Kamila DOBOSZ

In this post, we are going to discuss the recommendations of Working Group no.3, which addressed re-invoicing and the hierarchy of transfer pricing methods. These recommendations have been prepared for transfer pricing regulations that have been in force since 1 January 2019.

15 May 2019
Michał SZCZECH

Following withholding tax changes that have been introduced, already as of 1 July this year, Polish companies paying interest, dividend or royalties to a foreign contractor in the amount exceeding PLN 2,000,000 annually shall be obliged to withhold the withholding tax according to rates set forth either in the PIT or CIT Act.

10 May 2019
Zuzanna BRÓDKA

As we all know, a reform of the National Court Register (NCR) has gradually been introduced since 15 March 2018, its underlying aim being an electronic re-organisation of the register’s operations. From now on, financial statements and accompanying documents shall be submitted only in electronic format with a qualified electronic signature or a signature confirmed with a trusted ePUAP profile.

In this post we are going to try to clarify all doubts concerning the obligation to submit financial statements online.

30 April 2019
Przemysław POWIERZA

This post continues a series on quick fixes. After a general introduction presented in part 1, now it is time to discuss one of the proposed ad hoc improvements of the VAT system that is about transferring goods under call-off stock arrangements (hereinafter: call-off stock).

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