Locked content FinMin: VAT bill to bring PLN 3.4 bln annually

Poland expects PLN 3.4 billion in annual value-added tax (VAT) revenue boost on the implementation of a package of VAT tightening solutions, according to a draft bill presented by the Ministry of Finance. Most of the solutions are to take effect as of January 1, 2017, estimated at PLN 3.1 billion. T...

Locked content President signs bill on reducing CIT to 15%

On Friday, September 23, Polish President Andrzej Duda signed a bill on corporate income tax (CIT) for small firms, which assumes the reduction from 19 percent to 15 percent as of January 1, 2017. The lower CIT rate will be applied to companies with annual turnover of up to €1.2 million (PLN 5.28 mi...

Locked content KNF to present its opinion on FX mortgage relief

The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was submitted to the lower house in Polish parliament, the Sejm, in August. The offer applies to both FX-denom...

Locked content Sejm passes coal mining bill – PLN 7 bln for restructuring

The Sejm, the lower house of the Polish parliament, has accepted an amendment to the coal mining bill on allocating PLN 7 billion for the restructuring of its ailing coal sector versus an initial budget of PLN 3 billion. During Wednesday’s voting session, 258 MPs voted for the measure, 142 wer...

Locked content PM Szydło signs PLN 2,000 minimum wage bill

On September 13, Polish Prime Minister Beata Szydło signed a Council of Ministers decree on the minimum monthly wage of PLN 2,000, the PM posted on Twitter. The decree will come into force as of January 1, 2017, the document read. Currently, the minimum monthly wage amounts to PLN 1,850 (gross). So ...

Locked content New anti-terrorism rules: mass gatherings to be banned

On June 22, Polish President Andrzej Duda signed into law an anti-terror bill which comes into force as Poland prepares to host a NATO summit and the Roman Catholic Church’s World Youth Days in July. The new law will allow the interior minister to ban mass gatherings and events if a third- or fourth...

Locked content Poland’s Council of Ministers adopted anti-terrorism law

On Tuesday, May 10, the Council of Ministers of the Republic of Poland adopted an anti-terrorism bill, announced in March 2016. Next, the bill has to be passed by the Sejm, the lower house of the Polish parliament, and will come into force on June 1, 2016. The bill will give many rights to the Inter...

Locked content President Duda signs surveillance bill into law

President Andrzej Duda signed the new invigilation bill into law on Thursday. The measure was created as a result of a ruling by the Constitutional Court in July 2014, which deemed the previous law unconstitutional. The amendments to the new law give greater freedom to government workers and public ...

Locked content Parliament passes new mining bill, Solidarity announces strike alert

The Polish parliament passed the mining amendment bill, Polish Press Agency (PAP) reported. The amendment will let the government implement the restructuring plan introduced last week. “The bill gives us a shade of hope,” Brzeszcze mine labor union’s members believe. But the Solidarity trade u...