There is not enough time to adjust to EU fiscal regulations, says professor

According to Witold Modzelewski, a professor of commercial law and taxes, there is not enough time to adjust fiscal regulations to EU requirements by the time Poland will join the EU. "I am astonished that so little was said about the reality of our serious delay in this area," Modzelewski told a meeting of Łódź entrepreneurs. He stressed that in some cases the Sejm did not even accept bills concerning necessary amendments, which precluded introducing any decrees in this area. He is convinced that Poland will not adjust its fiscal regulations to EU ones on time, which may create very serious problems for the businesses, not only in terms of losing part of their profit, but also in terms of facing penal-fiscal proceedings. According to Modzelewski, entrepreneurs were not interested enough in the changes which were ahead of them and failed to take more a active part in participating in the drafting of bills. (www.onet.pl) M.M.