Archive for September 2025

Why modern accounting in Poland is different Running a limited liability company (spółka z o.o.) in Poland today means operating in a fully digital environment: structured tax reporting, mandatory bookkeeping in certified accounting software, and the practical elimination of cash transactions (settlements are based on bank accounts). The next milestone is KSeF — the National…

Foreign companies entering the Polish market often face a crucial question: is a domestic Polish bank account required to register for VAT? In this update we explain when VAT registration is necessary, what benefits it provides, how EU rules differ from Polish practice, and why recent regulatory changes — including mandatory e-invoicing (KSeF) — make it essential to check…

Many entrepreneurs think about creating a Polish limited liability company (spółka z ograniczoną odpowiedzialnością — sp. z o.o.) as a way to pay less tax. At first glance, the idea may seem attractive. Instead of paying 12% flat-rate tax (ryczałt) as a sole proprietor, you could have a company taxed at just 9% corporate income…

If you have inherited property or other assets in Poland while living abroad, it is essential to understand your obligations under Polish inheritance law and tax rules. One of the most important requirements is the six-month deadline for declaring your inheritance to the Polish tax office. Do Foreign Heirs Pay Inheritance Tax in Poland? Polish…

When Poland introduced the so-called “Polish Settlement Tax Relief” (ulga na powrót) in 2022, the intention was to attract talent and capital by offering a four-year exemption from personal income tax on certain types of income, up to PLN 85,528 per year. However, the official Polish name is misleading. The Polish phrase „Ulga na powrót” literally translates…