During our practice we have served versatile consulting to foundations, public funds, corporations and individual investors.
Quarantine in Poland influenced on the work of many state institutions, on which the entire sector of small and medium-sized enterprises depends. In this article we want to inform you about the innovations and the format in which many financial and administrative institutions in Poland are currently working, as well as to familiarize you with the procedures that can be performed remotely due to quarantine caused by the coronavirus epidemic.
Foreigners who want to study in Poland can obtain a residence card on this basis. For this you must submit an application for a temporary residence permit at the Voivodeship Office. The application must be accompanied by the necessary documents, including the document:
Accounts receivable from an unpaid account, according to taxation standards, are considered tax income, which is the basis of income for calculating tax liability. This makes you to pay income tax, regardless of whether the bill was actually paid. Bad debt relief is the opportunity to adjust the tax if the customer fails to pay the bill. Until now, only current VAT taxpayer entrepreneurs were eligible for this right. Starting from January 1, 2020, PIT and CIT taxpayers will also be able to use the so-called bad debt relief. This allows creditor to reduce the tax base by the amount of the claim (included in the income) if the debt has not been settled or sold within 90 days from the date of expiration of its payment term, which is indicated in the contract or in the invoice (bill). This change is intended to help eliminate payment backlogs in companies and thereby facilitate their business operations.
In our article “Buying an apartment for a natural person in Poland!” (https://business-in-poland.eu/en/articles/view/Buying-an-apartment-for-an-individual-person-in-Poland/), we have already analysed advantages and disadvantages of buying a flat for a natural person. In this article, we suggest you to read about alternative way of buying an apartment for a company.