Month: October 2018

GWW is a partner of the “Support for R&D and new investments” (“Wsparcie działalności B+R i nowych inwestycji") guide, published by Rzeczpospolita. The publication makes an in-depth insight into legal instruments that increase the attractiveness of new investments as part of research and development activities.

“The R&D tax credit applicable since 2016 allows deducting a number of expenses for research and development from the tax base, as specified by the legislator. Following the changes introduced at the beginning of 2018, the catalog of eligible expenses covered by this tax credit was extended and the statutory limit of deductions for expenses incurred for R&D activities was increased.

In addition, the Act on supporting new investments, enacted on 10 May 2018, provides for changes in the system of granting tax exemptions, which have so far been applicable to special economic zones (SEZ). Support in the form of exemption from income tax and information assistance for entrepreneurs that meet prerequisites specified in the Act no longer depends on the investment location in the SEZ.

Among attractive solutions, one can also mention financing of innovation activities from EU funds, available under the “Smart Growth” Operational Program 2014-2020 (SG OP), as well as venture capital funds, taking into account the functioning of the BRIdge Alfa program.”

The publication was developed by the team: Andrzej Ladziński, Roksana Waltrowska, Piotr Czajka, Grzegorz Karwatowicz, Michał Modrzejewski, Piotr Świstak, Michał Tuszyński.

In today's edition of Gazeta Prawna Daily, we will find an interview with Andrzej Ladziński regarding planned amendments to the Tax Code. Ladziński, Esq., assesses the effectiveness of the new regulations and their effects on entrepreneurs.

“We cannot escape from the exit tax or reporting tax schemes, but the Polish version of the regulations will not give much to the tax administration and it will make life difficult for entrepreneurs”. – says Andrzej Ladziński.

Tomasz Krzywanski oraz Joanna Wasko, LL.M. represented GWW during the TELFA Associates Meeting in Brussels, which took place on 19-20 October, 2018. The meeting was attended by lawyers from 18 countries.

What Poland, as a country, could offer for investors in connection with Brexit? During our presentation, we pointed out tax and economic benefits the entrepreneurs could get if they decided to invest in Poland.

TELFA is the network which comprises law firms from both Europe and the United States. TELFA started out in 1989, and now brings together over 6000 lawyers from the different countries. GWW is the sole Polish representative of TELFA. More about TELFA: http://www.telfa.law/

On 30 October 2018, attorney and patent attorney-trainee Michał Tuszyński will represent GWW at the 2^nd Rzeszów Forum “Technologies in Medicine”, during which he will give a lecture in the legal panel on the forms of securing intellectual property in medicine. The conference is organized by the “Technomed Technology in Medicine” Cluster, which brings together universities, hospitals and enterprises related to medicine and medical technologies from Podkarpacie region. The aim of the conference is the mutual exchange of experiences of entrepreneurs involved in innovative technological solutions used in medicine.

More information about the Rzeszów Forum “Technologies in Medicine” can be found at: http://www.technomed.ur.edu.pl/index.php/aktualnosci/22-program-i-karta-zgloszenia-do-ii-forum-technologia-w-medycynie

GWW was among the laureates of the 17th edition of the Podkarpacie Economic Award Competition in the Best Services category. We have been awarded for the Innovation Box – a comprehensive legal and tax service, which includes: IP Box, Tax Credit for Research & Development and Support for new investments. Our service aims at supporting Polish entrepreneurs in their R&D activities, through the creation and implementation of innovative products and services.

Results of the competition: http://png.pl/wreczono-statuetki-podkarpackiej-nagrody-gospodarczej/ 

To obtain detailed information about the service, please contact: Artur Cmoch or Paweł Szabat.

The Sejm Commission has started work on a draft act, which introduces the obligation to disclose tax schemes. Leaders of the self-government of attorneys, legal counsels and tax advisors oppose to compulsory reporting.

“Regulations on income taxes should be announced by 30 November, so you really need to hurry with them, but in the case of reporting there is no such time pressure, so you can discuss them calmly”, said Andrzej Ladziński, representative of the self-government of tax advisors.

Link to the article with the commentary of Andrzej Ladziński: https://www.rp.pl/Doradcy-podatkowi/310179932-Tajemnica-zawodowa-Sejm-pracuje-nad-przepisami-o-raportowaniu-schematow-podatkowych.html

The Poland Tax Conference 2018, November 13, will discuss the most recent developments in Polish tax law, both from a domestic and international tax law perspectives. Outstanding tax practitioners and scholars will explore the key issues to succeed in a tax transparent world structuring cross border tax-compliant planning. Outstanding tax practitioners and scholars will explore the key issues to succeed in a tax transparent world structuring cross border tax-compliant planning.

The topics to be discussed during the conference:

• Overview on the latest developments in Polish domestic tax law
• Overview on the relevant recent developments in Polish international tax law
• Overview on the law on reporting requirements relevant recent developments in Polish
  international tax law
• Tax planning in Poland in the post BEPS era: transparency and substance with
  reference to selected jurisdictions such as Luxemburg, Netherlands, Malta, Cyprus,
  Liechtenstein
• Wealth protection and tax advisory in the world of the obligatory tax schemes’ reporting
• Tax-compliant planning for Polish individuals and corporate entities through wealth management structures in a comparative view with selected jurisdictions such as Switzerland and Liechtenstein

Aldona Leszczyńska-Mikulska, attorney-at-law, tax advisor, partner will take part in the conference.

More information: http://exchange-ideas.com/wp-content/uploads/2018/09/Poland-Tax-Conference-Flyer_en.pdf

The training on “Special Act on Housing – a revolution for housing investments – discussing new regulations regarding preparation and implementation of housing investments and accompanying investments” will be carried out under our auspices. During the training, which will be led by Joanna Sezbda-Załuska, first applications for the adoption of the localization resolution and course of the procedure will be discussed.

More information about training and registration can be found at www.kompetencja.com.pl

And we invite today you at 1:30 pm to the Polish Radio 24 program, during which Joanna Sebzda-Załuska will discuss key issues related to solutions introduced by the Special Act on Housing.

The register of entities introducing products, products in packaging and waste management, also called a waste database (BDO), began to operate in January 2018. It is worth noting that the registration number assigned at the time of entry obliges to use it in specific situations. What does this mean in practice? Marta Banasiak discusses this issue in her article for sozosfera.pl.

Article: https://sozosfera.pl/odpady/gospodarka-odpadami-numer-rejestrowy/

In an article for Puls Biznesu, Marcin Borkowski discusses ways to quickly appoint missing members of the supervisory board.

“If there is a vacancy in a supervisory board, a company should immediately complete its composition. A supervisory board, which does not have the required number of members, is referred to as a “rump” board. One should assume that a board with vacancies cannot exercise its powers. This particularly applies to the adoption of resolutions”, says legal counsel Marcin Borkowski.

Link to the article: https://www.pb.pl/jak-szybko-uzupelnic-wakat-w-radzie-nadzorczej-941330