During our practice we have served versatile consulting to foundations, public funds, corporations and individual investors.
During our practice we have served versatile consulting to foundations, public funds, corporations and individual investors.
Some services, irrespective of the fact that they are provided by a foreign counterparty, may be taxed in Poland. When acquiring certain services from a foreign company (for example legal advice), a Polish entrepreneur must be aware that in connection with their purchase, he will be obliged to perform additional duties, or maybe he will have to pay tax at the source of income.
By 2018, Poland had a CIT rate of 15% for small taxpayers. At the end of the year, the Law amending the law on personal income tax, the law on corporate income tax and some other laws (the official law of 2018 nr 2159) was signed.
Liquidation is initiated by the members adopting a resolution to dissolve the company. The resolution should be included in the minutes of the members' meeting prepared by a notary. The resolution appoints a liquidator or liquidators. Usually, the members of the board become liquidators. The above document is subject to submission to the National Court Register as an attachment to the application to change the entry in the National Court Register prepared on the KRS Z 61 form.
In accordance with the Accounting Act, documentation of adopted accounting principles, financial statements, accounting books and a report on the operations of the entity, after approval of the financial statements for a given financial year, shall be kept in its original form. Documentation should be kept in a set order adapted to the manner of keeping accounting books, dividing them into reporting periods, which will allow them to be easily found. It is worth noting that the annual collection of accounting documents and inventory documents should be marked with the name of their type, as well as the symbol of the final years and numbers in the collection.
The process of the establishment of the foundation and starting business activity involves several steps. They are necessary for the foundation to be able to obtain the status of a legal entity. Necessary for the creation of the foundation are:
