Month: September 2020

At the beginning of September, several new regulations in the field of labor law entered into force and this is probably not the end of changes that the legislator is preparing for employers and employees this month. Not only did the Act amending the Act on the Posting of Workers and certain other acts significantly change applicable regulations on the posting of workers within the framework of provision of services, but it also extended the possibility of instructing employees to work remotely and enabled re-verification of companies’ applications for exemption from Social Security contributions.

An article by Ines Borkowska devoted to the changes in labor law can be found on the legal portal Lexplorers.pl:  http://lexplorers.pl/wrzesniowe-nowosci-w-prawie-pracy/

A supervisory board needs to be established in a joint-stock company. As a rule, its members are appointed by the general meeting, unless the articles of association provide otherwise. However, can certain shareholders have a direct impact on the appointment of board members in some specific situations?

Marcin Borkowski, Ph.D., writes about it in the Economic Law Academy of today's issue of Dziennik Gazeta Prawna.

Our Rzeszów branch is over 5 years old. During this time, it has grown to a team of as many as 15 people. On this occasion, we invite entrepreneurs from Podkarpacie Region to our open days. We offer free online consultations with our experts on 29 September – 1 October 2020.

The list of topics, available experts and more details can be found in the pdf file available for download below the text.
Feel free to sign up.

At the end of the summer season, we organized the GWW Beach Volleyball Tournament at the Monta Beach Volley Club in Warsaw, to which we invited all employees of our law firm. We had great sun and moods, emotions reached fever pitch, and there were also some surprises. The whole season of corporate training paid off, now it is time to start volleyball training in the hall.

Saturday's tournament turned out to be a lot of fun for both players and supporters, so we are already thinking about the second edition of the tournament.

A thermo-modernization relief entered into force in the Personal Income Tax Act as of January 2019. It consists in deducting expenses incurred for implementation of a thermo-modernization project in a single-family residential building from the tax calculation basis. According to the latest individual interpretation of the Head of the National Revenue Administration (KIS), a spouse – co-owner of the property also may benefit from the relief, even if he or she was not mentioned in the notarial deed confirming the property purchase.

The topic was developed by attorney Aneta Skowron-Biały, CIT and tax scheme reporting specialist: http://lexplorers.pl/ulga-termomodernizacyjna-rowniez-dla-malzonka-wspolwlasciciela-nieruchomosci/ 

The Ministry of Finance has published a planned draft amendment to regulations of the PIT Act and CIT Act, as well as the Act on Flat-Rate Income Tax on Certain Revenues Earned by Natural Persons and certain other acts.

You will find a summary of the most important changes included in the draft amendments in our alert: ALERT

Some taxpayers will be forced to correct VAT returns and Standard Audit Files submitted before 1 October 2020. How should the corrections following changes in regulations be made?

An answer to this question can be found in the article byMarcin Kopczyk on JPK Insight blog: https://jpk-insight.pl/korekta-deklaracji-vat-i-korekta-jpk-jakie-terminy/

Bankruptcy procedure is associated with a tedious and lengthy procedure aimed at ending business activities of an indebted entity. Its effects are usually not satisfactory for any of parties. The bankrupt loses its assets and ceases activities, whereas creditors recover a negligible part of their claims.

However, changes in the bankruptcy procedure that relate to prepared liquidation (so-called pre-pack) are perceived positively. The advantage of the prepared liquidation is the possibility of accelerated disposal of bankruptcy estate and recovering funds to satisfy creditors.

Marcin Borkowski, Ph.D., writes more about so called pre-packs in his article on Lexplorers.pl.

Link to the article: http://lexplorers.pl/pre-pack-czyli-upadlosc-pod-kontrola/ 

Regulations on issuing receipts for transactions of a lower value than PLN 450 caused more harm than good. Tax authorities issue conflicting interpretations, whereas sellers and their customers do not know what to do.

The topic of the day by Krzysztof Koślicki along with a commentary from our expert can be found in today's edition of Prawo.pl:
https://www.prawo.pl/podatki/wystawianie-paragonow-i-faktur-do-450-zlotych-z-problemami-i,502990.

The situation of the coronavirus epidemic may disrupt plans related to the company's development. However, the latest interpretation of the tax authorities clearly confirms that expenses related to a planned listing on the stock market are costs indirectly related to revenues, even in a situation where the implementation of these plans is suspended. Therefore, they can be deducted from revenues.

An article by Agnieszka Rzeszut devoted to this subject was published in today's edition of Prawo.pl:
https://www.prawo.pl/podatki/wydatki-na-przerwany-projekt-i-wejscie-na-gielde-mozna-rozliczyc,502947.html