As a general rule, natural persons in Poland are subject to personal income tax calculated in accordance with a progressive tax scale with income thresholds of 18% and 32%.

1. POLAND 2016

2. CAPITAL: WARZAW
POPULATION: 38,5 MILLION
POLITICAL SYSTEM: LEGISLATIVE PARLIAMENT
GEOGRAPHY AND POPULATION

3. • Limited partnership
• Limited joint stock partnership
• Limited liability company
• Joint stock company
FORMS OF BUSINESS ORGANIZATIONS

4. The annual financial statements must:
• Consist of a balance sheet, profit and loss statement, statement of changes in equity, a
cash flow statement and notes to the financial statements, including an introduction to the
financial statements, as well as additional information and commentaries;
• Be prepared no later than 3 months after the end of the financial year;
• Be approved by the shareholders at the company’s General Meeting no later than 6
months after the end of the financial year;
• Be sent to the Tax Office and filed with the Krajowy Rejestr Sądowy (National Court
Register) no later than 2 weeks after the approval at the General Meeting;
• Be published in the Commercial Bulletin.
ACCOUNTING

5. • The standard corporate tax rate is 19%
• DTT OECD model convention
• DTT with 60 countries
CORPORATE TAXATION

6. As a general rule, natural persons in Poland are subject to personal income tax
calculated in accordance with a progressive tax scale with income thresholds of
18% and 32%. Pogressive scale.
INDIVIDUAL TAXATION

7. • 23% Standard
• 8% Health and service
• 5% Food
• 0% Exports of goods outside the European Union
and intra - Community supplies of goods.
VAT

8. This publication must not be regarded as offering a complete explanation of the taxation and
corporate matters that are contained within this publication.
This publication has been prepared on the express terms and understanding that the
publishers are not responsible for the results of any actions which are undertaken on the basis
of the information which is contained within this publication.
The publishers and the authors expressly disclaim all and any liability and responsability to any
person, entity or corporation who acts or fails to act as a consequence of any reliance upon
the whole or any part of the contents of this publication.
Accordingly no person, entity or corporation should act or rely upon any matter or information
as contained or implied within this publication without first obtaining advice from an
appropriately qualified professional person, and ensuring that such edvice specifically relates
to their particular needs.
DISCLAIMER

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