Useful articles

The Ministry of Finance, wishing to dispel legal doubts of taxpayers, allows obtaining a formal interpretation in the presence of specific problems in the field of tax law. Who and in what situation may apply with such request to the tax administration?

Unconventional policies of Central banks had to pull the economy out of stagnation, but ridiculously increased prices of debt securities. Why do investors lend money to issuers, although it may entail a partial loss of capital?

Expansion of the catalogue of entities obliged to transfer to Ministry of Interior and Administration documents concerning the acquisition about real estate by foreigners is the main purpose of the amendments the law, which was signed by President Andrzej Duda. Thanks to the new Act Ministry of Interior will be able to get more information about acquisition of real estate by foreigners. The new rules expand the catalogue of documents required by notary – in addition to notarial acts – acts of authority and inheritance, Protocol inheritance.

Entrepreneurs who are settled with counterparties in the form of cash should know that from 1 January 2017-the limit of operations that can be performed without the use of payment account (e.g., Bank accounts) will be reduced from the current 15 thousand EUR to 15 thousand PLN . Exceeding this limit will lead to the inability of putting cash flow to get income. But it will be possible to regulate the commitments in an amount not exceeding 15 thousand PLN by offsetting mutual settlements, netting, or by the use of barter deals or other non-cash form fee regulatory obligations without sanctions, in the absence of the possibility of offsetting such costs in the deductible expenses.

With the new year will effect many changes in the law of 11 March 2004. on the tax on goods and services (journal of laws from 2016. POS. 710 as amended).