PESEL (Personal Identification Number) is a unique 16-digit number assigned to every individual residing in Poland. It’s essential for many administrative tasks, including opening a bank account, finding a job, accessing healthcare, and registering a car. A PESEL number is indispensable for daily life in Poland. We strongly recommend obtaining one to simplify your stay.”…

Poland’s Limited Liability Company (Sp. z o.o.): A Tax-Efficient Structure Establishing a Polish LLC (Sp. z o.o.) can offer attractive tax benefits, notably a 9% corporate income tax (CIT) rate and a 0% dividend tax when participation exemption criteria are met. However, navigating the Polish tax and accounting landscape necessitates specific compliance measures: 1. Accounting…

Many foreign companies leverage a common practice in the European Union: selling products in Poland while only registering for VAT. This allows them to comply with Polish VAT regulations without setting up a full subsidiary. While this operation itself is typically considered neutral for Polish corporate income tax (CIT), it’s crucial to ensure your activities…

Information for individuals with a non-active company in Poland who do not wish to liquidate it. Suspending a company’s operations is an alternative to liquidation that allows for a temporary cessation of business activities without the need for formal dissolution. This solution is particularly beneficial for businesses experiencing financial difficulties, seeking new business ideas, or planning…

Important Notes: The deadlines provided assume the accounting year aligns with the calendar year, which is a typical setup in Poland. For some foreign-owned Polish LLCs, this may differ, and deadlines should be adjusted accordingly. While the procedures described above outline the overall process, the practical focus lies on preparing a complete set of documents…

Filing taxes can be a complex task, and sometimes deadlines slip our minds. If you’re a resident of Poland and recently realized you missed the deadline to file your capital gains tax report, take a deep breath – you’re not alone! The good news is that Poland’s tax system generally takes a more relaxed approach…

In Poland’s diverse work environment, choosing the right employment or collaboration model is crucial for business success. This article covers the essentials—from permanent and fixed-term contracts to civil law agreements and B2B collaborations. Each offers different advantages and compliances. We’ll guide you through these options to help you find the best fit for your business needs.…

1. Przychody z akcji, CFD, ETF i innych instrumentów: Przychodem jest kwota uzyskana z zamknięcia transakcji, przeliczona na PLN po kursie średnim NBP z dnia poprzedzającego dzień rozliczeniowy giełdy. Kosztem uzyskania przychodu jest wartość zakupu odpowiedniej ilości najwcześniej nabytych akcji danego waloru (zasada FIFO), przeliczona po kursie NBP z dnia poprzedzającego dzień rozliczeniowy. Strata może być odliczona w…

Are you an expat living in Poland and confused about the tax requirements? Don’t worry, you’re not alone. This guide aims to simplify your tax obligations and options in Poland. Introduction: Don’t Stress Over Polish Taxes First and foremost, relax. When compared to other Western nations, Poland’s tax rates are relatively moderate, and the system…

Why Taxes Will Never Be Simple: Two Compelling Reasons Bad news for those advocating for a simplified tax system: It’s not going to happen anytime soon. Let’s delve into compelling reasons why. 1. Complexity of the Modern World Affects Taxation Globally Tax systems evolve to accommodate ever-changing business landscapes. Could anyone 30 years ago predict…