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Blog - page 19

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 Audyt S.A.
The publisher’s and the editor’s address: Droga Dębińska 3b, 61-555 Poznań
Editor-in-chief: Izabela WOŹNIAK izabela.wozniak@rsmpoland.pl 

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9 November 2015
Piotr NOWATKOWSKI

In years to come, RES should constitute one of the fastest growing areas of economy in Poland which also results from the fact that this is still a fledgling market when compared to other EU countries. Opportunity for growth is, therefore, much greater here than on relatively saturated Western European markets.

19 October 2015
Karolina STANKIEWICZ

Operating a business is inevitably related to the obligation to operate a full accounting system. An enterprise may keep the accounts on its own or by hiring an accounting firm. The most often method to satisfy this obligation is to keep the accounts in the form of a revenue and expense ledger (PKPiR), i.e. so-called simplified accounting. The second method requiring more efforts and costlier is the full accounting system. Therefore, it is worth knowing what entities are obliged to operate such full accounting system and how one could prepare to do it.

14 October 2015
Przemysław POWIERZA

The job of a tax advisor is to keep tax issues from overwhelming a business. Therefore, hand in hand with our Client, we struggle to come up with such schemes of company’s functioning which would earn the name “business first”.

5 October 2015
Dawid STOLAREK

In my previous post I brought up the topic of difficulties which result from predicting conditions under which entrepreneurs will have to operate in the future. This is indeed a key challenge when specifying the scale and directions in which a company develops, as they are the key factors influencing the ability to create value. Therefore, despite difficulties, one should neither neglect nor belittle this very process.

28 September 2015
Karina KOPCZYŃSKA

Art. 79 p. 4 of the Accounting Act indicates that whosoever, contrary to its provisions, fails to submit financial statements or management reports to the relevant court register, is liable to a fine or penalty of restriction of liberty. Penalties for failure to submit financial statements are also due to the Fiscal Penal Code.

22 September 2015
Przemysław POWIERZA

When at the beginning of 2003 first provisions concerning the interpretation of tax law were included in the Tax Ordinance Act, the Polish Ministry of Finance proudly announced its great success. Taxpayers were informed that, from this day on, legal certainty shall increase significantly, resulting from the fact that the interpretation and application of legal provisions will be, technically speaking, known in advance. In practice, as it usually happens, it turned out that the greatest problem is to ensure the uniformity of issued interpretations (initially such interpretations were to be obtained from the head of each tax office, at present they are issued only by a few entitled directors of tax chambers) and to determine the scope of protection guaranteed to taxpayers applying for an interpretation.

14 September 2015
Leszek WOZIŃSKI

Business transactions conducted by taxpayers require appropriate documentation.

That is a reason for keeping tax books. They constitute an evidence for proper accounting and they should, therefore, reflect the actual state.

Only reliably and correctly kept books may be considered an evidence in the case of tax proceedings pending before tax authorities.

31 August 2015
Ewa PYTEL

What is more beneficial from the perspective of tax deductible costs: car rental or an operating lease? What is the significance of various forms of agreements for an entrepreneur – taxpayer?

24 August 2015
Monika KAŁUZIAK

A taxpayer declaring an excess of input VAT over output VAT has the right to either carry it forward to the following tax period or to obtain a refund to a bank account. The shortest period in which the tax office will refund VAT is 25 days.

7 August 2015
Piotr NOWATKOWSKI

Whilst browsing the Internet recently, I came across an interesting report dedicated to economic and trade cooperation between Poland and Italy. Among a lot of interesting data referred to in this publication, I paid attention particularly to these relating to the size of Italian companies which invest in Poland.

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