In Polish Liability of board members of a limited liability company in Poland The members of the management board of a limited liability company may be liable for the obligations of the company under article 299 of the Code of Commercial Companies. This liability is subsidiary. This means that a board member can be held…
For Polish Why a limited liability company? The limited liability company is the most popular form of conducting business in Poland. This is hardly surprising. This business form allows for the limitation of the entrepreneur’s financial liability (the partner is not liable with his/her private assets), can be established with a low financial outlay (the…
As early as 1 January 2025, the minimum wage in Poland will increase to PLN 4666 gross. This is an increase of PLN 366 compared to the minimum wage in 2024. Thus, the minimum hourly rate will also increase, which from 1 January 2025 will amount to PLN 30.50 gross, i.e. it will increase by…
Did you fail to file your tax return on time? Or did you hide the true extent of your business activities from the tax authorities? Have you forgotten to pay your taxes on time? Unfortunately, for various reasons, such as forgetfulness, lack of knowledge or simple error, tax obligations are often not fulfilled on time…
Every entrepreneur sooner or later asks himself what expenses he can count as deductible. This topic is quite controversial and inexperienced entrepreneurs often do not know how to deal with this problem and how not to make any mistakes. When an entrepreneur reaches for his or her wallet to pay for coffee and biscuits for…
In June this year, the Ministry of Finance prepared an amendment to the Tax Ordinance, which is to introduce changes concerning, among other things, tax interpretations. The novelties are intended to come into effect from 1 July 2024; the bill is currently undergoing consultation. The biggest changes are to relate to application fees, the validity…
On 22 May 2023, the Family Foundation Act came into force. The aim of the new law is to protect family assets, minimise the consequences of a failed succession and guarantee the continuation of business activities in the form of a family foundation. The transfer of the assets through the instruments provided by the law…
On 10 July this year, the Council of Ministers adopted a draft law amending certain laws to improve the legal and institutional environment for entrepreneurs. The amendment was prepared by the Ministry of Development and Technology. The proposed amendment went to legislative work in the parliament on 19.07.2023. According to plans, the amendment will be…