Thanks to a joint tax compliance mechanism, married couples will pay lower taxes. The larger the disproportion in the incomes of spouses, the more beneficial this becomes. While filing your PIT (Personal Income Tax), couples need only fill in one form. In joint tax compliance, income is calculated, but combined only after deductions. Then, we divide the joint income into two and calculate tax on the basis […]
Polish tennis player Agnieszka Radwańska earned $2 million in prize money when she won the WTA Masters tournament in Singapore, considered to be the unofficial world championships. However, not everyone was happy with her success. Pre-parliamentary elections, some left-wing commentators in Poland wished to see her pay higher taxes for the amount she earned. Radwańska’s prize […]
The huge amounts of revenue that seeped out of Poland in the years 2003-2012 was rather due to the efforts of criminals and not legitimate tax optimisation, according to Deputy Minister of Finance Jarosław Neneman. He has assured the public that the treasury already has the tools to fight this problem. Deputy Minister Neneman explained that […]
Advisors at the Polish Chamber of Commerce are proposing the taxation of e-cigarettes and new tobacco products. Manufacturers are outraged, as reported by Puls Biznesu. It is claimed that ‘regular’ cigarette smokers are economic patriots. Every year they produce revenue for the budget amounting to more than PLN 23 billion from excise and VAT levied […]
For the first time in years, organisers of picnics and Children’s Day parties are not afraid of tax settlements. The Minister of Finance does not want to tax participants for these activities. The Minister’s idea is to divide total expenses of a party by the amount of invited guests (parents and children) and then to assign this value to each participant. The […]
“A change in tax thresholds will happen sooner or later, but it must be aligned to the needs of the economy,” according to the Minster of Finance Mateusz Szczurek. The head of the Ministry of Finance avoided any specific declarations of when a cut might be possible, but pointed out that “more will be known when the draft budget for […]
Poles have time up until the end of April to submit their annual tax returns. Companies additionally need to attach their financial statements and a failure to do so is a fiscal misdemeanour as of this year under amended article 80b of the Polish Fiscal Penal Code. Thus, tax authorities have a new tool to […]
The current Act on Freedom of Economic Activity envisages that the total duration of all inspections of a single company in a calendar year may not exceed 48 business days. However the law also provides for numerous exceptions which permit officials to paralyse business operations for much longer. As the Ministry of Economy itself admits, […]
The tax chamber in Katowice has issued an interpretation granting tax allowances to companies that buy apples for their employees. Apples and taxes have been a topical issue for several months now. Everything started when Ryszard Florek, CEO of Fakro, the global number two manufacturer of roof lights, sent a letter to the minister of […]
Over 2.1 million Polish emigrants made approximately PLN 885 billion, of which a proportion of this money financed the Polish economy, according to Gazeta Wyborcza based on Euro-Tax data. National Bank of Poland (NBP) data shows that 50% of those who work abroad support their families by sending a large proportion of the money they earn back to Poland. Last year, this amounted to €4.1 […]
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