USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

Tag: VAT

STIR Usage Grows: Blocked Funds Up 14%, Entities Up 17%

Treasury Department continues to use STIR. Year-on-year, there is an over 14% increase in blocked funds. Last year, almost 90 million PLN were...

Inflation Concerns Outweigh Relief Calls: No Rate Cuts in February

Economists agree that there will be no significant cuts to interest rates in February 2024. This implies that consumer and mortgage loan repayments are...

Poland is poised to be the European growth leader in 2024, with a GDP growth forecast of 3.7%

GDP will increase by 3.7% in 2024. In 2025 and 2026 it will fluctuate around 3% Inflation will hit the 2.5% NBP (National...

Polish companies optimistic about 2024, despite challenges

Polish companies entered 2024 with optimism. Positive sentiment prevails particularly among large and medium-sized enterprises, while micro and small businesses still experience a slight...

Poland Takes Step Towards Joining European Public Prosecutor’s Office

"We are very pleased with Poland's decision to join the European Public Prosecutor's Office (EPPO), as it means expanding our sphere of action. For...

Germany in Recession, Switzerland Reassures on Inflation, Hungary Cuts Rates Again

Germany has once again reported a downturn in its economy for the fourth quarter in a row. Switzerland has provided reassurances regarding inflation growth...

Poland’s Budget Deficit Looms Large: Electoral Promises and Foreign Debt Pose Risks

This year, the budget deficit could reach high levels, possibly approaching 200 billion złoty. Generous electoral promises have been made, such as the continuation...

UK to Implement New Border Checks for Food Imports

As of January 31, the rules and requirements regarding goods imported onto the British market will change, with some now requiring certificates. The newly...

Central banks hold rates steady, signaling delay in rate cuts

Today, the European Central Bank did not lower interest rates. Similarly, the Federal Reserve (FED) is expected to keep rates unchanged next week. Poland's...

Legal changes in cross-border trade: how will they affect Polish e-commerce in 2024?

CESOP, DAC7 directive and SUP- these are some of the most significant legal changes that e-sellers will have to adapt. What provisions regarding cross-border...

Inflation Slows But Remains Above Target in Poland

Inflation in Poland is decelerating quickly, but the pace of annual growth has halted slightly above 6 percent. Considering the base effect, i.e., high...

National E-Invoicing System (KSeF) will not launch in July. Ministry of Finance: Errors detected in the system

The saga related to the mandatory KSeF continues. As early as December, the Ministry of Finance informed that the July date would be kept....

Global Risks Report 2024 Highlights Major Concerns for the Next Decade

The "Global Risks Report 2024" has identified two economic factors - inflation and the expected economic slowdown - as some of the key global...

Experts Weigh In on Tax Changes of 2023

The new tax scale and higher tax-free amount are highlighted as positive changes over the last year by notable economists, tax advisors, and lawyers....
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