Miller Canfield (JD Supra Poland)

A recent amendment to Poland's National Court Register (KRS) introduced several significant changes affecting foreign companies operating in Poland. Of most significance is the new requirement that company financial statements may now only be filed electronically via a special e-filing system.

Poland recently amended its Corporate Income Tax law, effective Jan. 1, 2018. The Polish Government announced that the objectives of the amendment are to ensure that taxes paid by large companies, especially multinational companies, are linked to the actual source of their earned income, and to implement the EU's Anti-Tax Avoidance Directive ("ATAD Directive").

Poland’s Ministry of Finance published a draft bill which would authorize the establishment and operation of Polish Real Estate Investment Trusts (Spólki Rynku Wynajmu Nieruchomosci) in Poland. At this stage, the proposal has not been officially presented as a bill to the Parliament, so the bill proposal may still undergo significant changes before becoming effective, but the main points are...

After years of anticipation and delay, the Polish government has finally taken significant steps forward in opening up the shale gas industry in Poland. Either fortuitously or intentionally, this comes just in time. The E.U. countries, especially in Eastern Europe, expeditiously need to find alternative sources of natural gas to counter Russia’s dominant position.

Table of Contents: - Overview...1 - Forms of Entity.... 1 - Establishing A Business...2 - Specific Form of Doing Business In Poland-Direct Sales...4 - Dispute Resolution Mechanism... 5 - Labor Matters and Employment...8 - Taxes... 11 - Corporate Income Tax (CIT).... 11 - Personal Income Tax (PIT).... 12 - Tax on Goods and Services(VAT)... 14 - Intellectual Property...16

In This Issue: - Increasing Fines Imposed By Uokik For Practices Infringing The Consumers’ Interest - Changes In Poland’s Energy Law - New Geological And Mining Law - Amendments In The Polish Labor Code As Of January 1, 2012 - Claim Recovery Supported By Internet - Increasing Costs Of Legalizing Unpermitted Structures - Liquidated Damages Recognized As An Expense Deductible....

Originally published in the Polish Construction Review – Issue No. 1 (130), one January 5, 2012. Access to utilities (electricity, sewerage, water, etc.) is one of the fundamental conditions for being able to take proper advantage of a property. Interruption of supply causes significant inconvenience to the property user (owner, tenant, lessee, etc.). From the point of view of running a...