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Poland Summary Guide

Poland Summary

Poland is situated in Eastern Europe, bordered to the west by Germany and surrounded by former Soviet Bloc countries, and has a coastline on the Baltic Sea to the north. Poland joined the European Union on 1st May, 2004. The currency is the Polish Zloty (PLN), and the government has no immediate plans to adopt the Euro.

Poland enjoyed fast economic growth in the post-Communist years. GDP grew by 4.8% in 2008 and Poland has achieved the best GDP growth of any EU state in 2009 (0.8%) and has avoided going into negative growth (decline) during the recent recession. Unemployment is still on the high side at 9.7%, though it is falling. Inflation stood at 4.3% in 2008, but is falling as a result of the global economic crisis.

GDP was USD670 billion in 2008 with GDP per capita at USD17,400.

 
 

Individual Business Briefing: Poland

 

Network Latest News

The Netherlands Ups Tax Treaty Negotiations In 2012

Tuesday 21/2/2012

Underlining the government’s commitment to negotiating new tax treaties with other countries, the Dutch finance ministry has recently outlined details of its specific plans for 2012.
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Poland-IoM Tax Agreements To Enter Into Force

Monday 14/11/2011

The Isle of Man government has noted that both the island and Poland have completed their respective ratification procedures for the entry into force of three bilateral tax agreements.
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Tax Burdens On The Increase, Says OECD

Friday 13/5/2011

Average tax burdens rose in 22 of the Organization for Economic Co-operation and Development's 34 member countries in 2010, with France, Belgium, Germany and Italy among the highest-taxed countries.
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Poland Summary Guide Contents

 Poland Summary

 Poland Summary Chart

 Poland Residence

 Taxation of Business People in Poland

 Living and Doing Business in Poland

 Business Forms in Poland

Latest Comments

Expat Brit

Hi,

I am facing a dilemma and would like to invite any reader to advise me.

I am a Brit who has lived outside UK since 1993- initially in Belgium (5 years) & subsequently in 4 African countries. After a year outside UK, the UK Inland Revenue confirmed my status as ‘non-resident’ for tax purposes and as I have had no income in UK, I have not completed a UK tax return for many years. I visit UK very rarely, normally for one or two weeks per year.

In May 2011, I was made redundent by my employers, who were downsizing. This coincided with a move to retire in the Netherlands, where I now have official residency (my wife is Dutch). I thought that, at 63 years of age, I would be unlikely to find suitable employment; in fact, I have not tried hard and had resigned myself to permanent (but slightly premature) retirement.

However, to my surprise, I have recently been approached (through a mutual acquaintance) by a company that wishes to use my skills on a project in the Isle of Man. The role, if & when confirmed, would see me working for about 10 days a month in Isle of Man, with about 5-7 additional days per month, working from home. Contract will be for about two years. The firm has asked me to confirm if I would prefer to be paid (and therefore be taxed) in Netherlands or Isle of Man, the idea being that I create a self-employment entity for this employment. I have no data on which to base a response. Given Isle of Man's traditional ‘low tax ‘environment, are there any benefits to declaring an income in IOM? Are there any Isle of Man residency implications? Netherlands takes a tax cut on total world wide income, and, as I have never had any contact with the Dutch authorities, I am reluctant to start such a relationship now. Do I have to declare income in both countries, with a breakdown prorata to the time spent in each jurisdiction? Should I declare income to UK Inland revenue?

If anyone has pertinent advice on these points, I’d be grateful to hear them.

TJM @ Eindhoven, NL

T. Dog

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Jersey vs. Malta??

Hi, I live in South Africa, and along with 2 business partners (one in South Africa and one in Ireland - all South African citizens though) are setting up a company that designs Smart phone applications. As they will be sold on the various platforms (none of which operate out of South Africa)we have to list our company as operating out of Ireland anyway. As such, we have decided to set up our company in the best tax country and are wanting info on whether Jersey or Malta is best? If anyone has some inside info we would really appreciate it!! Thanks!Mary

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Purchasing investment-link insurance for my staff

Would that count as income tax to my staff? And would that count as expense to my company?Michael

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Irish crisis - effects on small business?

Hi all,

Just wondering if anyone 'on the ground', as it were, might be reading and able to help me...I was considering relocating my hairdressing business from the UK to Ireland before the economy started to go properly belly-up...now, not so much.

Are things as bad as they seem over there, or is it being over-hyped by the media? And is the government still keen to support small business people? Cos if not, I'll look elsewhere...

Thanks,Kate

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Living in France contracting to Australian company

I am moving full time to France in Jan 2012 where I will be working as a freelance contract engineer to a number of Australian based companies. It is my choice to move to France not a work requirement. I will be renting my house out in Austrlalia and renting a house while I am in France. I hold both EU & Austrlain citizenshiip. I am married with 2 young children. Approx total family income $100k AUD.
Do I pay tax in France or Australia or both ?
Any help or guidance would be much appreciated.France move

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