Doing business in Poland in 2016? Stay on top of changes to
transfer pricing and the potential for tighter local tax
regulations.
Over the past 12 months we have seen improvements in
business-related procedures for tax payers in Poland. Setting up a
new company is easier and more efficient, and certain accounting
rules were simplified - to the benefit of smaller companies.
Building permit procedures have also been improved; and the time
spent on tax calculations, tax payments and fillings is lower than
before, partly due to new IT solutions.
In 2016, the frequency of fiscal and tax inspections may rise as
a result of the new Polish government election-winning promise to
tighten the country's tax regulations and increase the flow of
tax revenue into state treasury. Businesses operating in Poland are
also now subject to new transfer pricing rules - applicable from 1
January 2016 (although some aspects will not come into force until
2017).
