Doing business in Poland
This publication aims to familiarize potential investors with the basics of the Polish business environment and provide essential information about the country's economy, corporate, finances, and tax environment.
ASB Group is a professional outsourcing provider of high-standard services in the areas of accounting, tax advisory, payroll, transaction advisory and corporate services. Having almost 20 years' experience and employing nearly 250 specialists in the CEE region, we are well prepared to deliver the most profitable solutions for your business.
We are experienced in the delivery of outsourced accounting services for international and local businesses. We use modern IT solutions, but, on request, can also work in our clients' accounting software. We can help to localise software and procedures to ensure compliance with domestic tax and accounting regulations. Our professionals regularly submit financial reports for hundreds of international and local clients. We speak to our clients' financial teams across the globe daily.
We have helped hundreds of international companies to set-up their businesses in the countries in which we operate. Company formation is one of many corporate services our clients require to cut costs, ensure compliance with local regulations, and free-up time to focus on their core business activities.
This enables our clients to go for the expense of employing local administrative admin staff, as we take care of the back office and corporate secretarial processes for them.
At ASB we understand that tax and accounting law is interlinked. To safeguard our clients´ interests, we advise taking account of all tax and accounting aspects.
We have extensive experience advising both private individuals and multinational businesses on tax matters, and we cooperate with partner tax firms in countries where ASB does not have offices.
ASB TAX Compliance team has rich experience in providing our clients with high standards of customer services. We are always ready to ensure the most optimal solutions for ASB clients from different business sectors.
Our payroll clients range from small representative offices through to global multinationals, for whom we process thousands of payslips monthly.
Working with international clients has taught us to use simple language to explain local payroll issues. We have practical experience in importing payroll data from various HR systems and exporting payroll outputs to many customised formats.
ASB has supported many major transactions in our region, on both the buy and the sell side. Our transaction advisory professionals have advised on real estate transactions, mergers and takeovers of local companies, and cross-border investments in local businesses.
We have performed financial and tax due diligence projects for many transaction advisory clients. However, our experience goes beyond the due diligence process, as we often support transaction negotiations and advise clients on purchase price calculations.
Our transfer pricing clients can access to our benchmarking studies, which we have compilated by using the latest technology and several specialised benchmarking databases.
We have advised global hotel chains, international airlines, FMCG companies, and many other international groups with their transfer pricing documentation.
This publication aims to familiarize potential investors with the basics of the Polish business environment and provide essential information about the country's economy, corporate, finances, and tax environment.
On May 16, 2022, the Covid epidemic state in Poland was revoked and replaced with a state of epidemic threat. This may affect the taxpayers tax settlements, in particular in the field of PIT, CIT and VAT. Some of the simplifications introduced on the basis of the so-called Anti-crisis Shield will cease to apply from June 1, 2022, while part of them will remain still in force – due to introduction of the state of epidemic threat in Poland.
While the previous year brought quite a number of tax changes, no significant tax changes are to be implemented in 2022 – or the first half of it at least.