Taxes and Accounting in Poland

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Accounting Rules

Tax Year
The tax year begins on 1 January and finishes on 31 December of the same year.
Accounting Standards
The Polish Accounting Standards Committee was set up in 2003 to implement the accounting law as standards.
Accounting Regulation Bodies
Accountants Association in Poland
National Chamber of Statutory Auditors
Accounting Reports
Companies are bound to draw up a balance sheet, a profit and loss account and notes. The accounts must be published in Polish, the unit of currency being the Zloty. Companies subject to audit must also prepare a statement of cash flows and a statement of changes in equity. Limited liability companies and companies listed on the Stock Exchange must also prepare a management report. reports must be filled annually.  Companies listed on the Warsaw Stock Exchange must prepare financial reports observing the constraints of form defined in the decree of the Council of Ministers of 22 December 1998.
Publication Requirements
Listed companies must prepare quarterly accounts (in a simplified form) and six-monthly accounts as well as consolidated accounts.
The accounts must be sent to the Registration Court or to the Committee for Stock Exchange Operations ( Komisja Gielda Papierów WartoÅ›ciowych) for listed companies. Audited companies must also send their accounts to the commercial gazette (Monitor Polski B).
In addition, the European Directive of 19 July 2002 obliges all European companies listed on the Stock Exchange to draw up their annual consolidated accounts according to IAS standards from the 2005 tax year on.
Professional Accountancy Bodies
KIBR , The National Chamber of Statutory Auditors
AAP , The association of accountants in Poland
Certification and Auditing
Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact the National Chamber of Auditors (KIBR).
Accounting News
Central Europe EIN News

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Tax Rates

Consumption Taxes

Nature of the Tax
Podatek od towarów i usÅ?ug (PTU/VAT)
Tax Rate
Reduced Tax Rate
Poland apply a reduced VAT rate of 8% on certain categories of goods and services, including water supplies, pharmaceutical products, medical equipment for disabled persons, children’s car seats, books, newspapers, hotel accommodation… The country applies a reduced VAT rate of 5% on foodstuffs, agricultural inputs…
Other Consumption Taxes
For additional information on consumption tax.
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Corporate Taxes

Company Tax
Tax Rate For Foreign Companies
Polish companies are taxed on their national and worldwide income, while foreign companies (non resident) are taxed only on their income earned in Poland. For additional information, consult krakow-info.
Capital Gains Taxation
Long term capital gains are incorporated into the company's profits and are therefore subject to corporate tax.
Main Allowable Deductions and Tax Credit
For details on company deduction access the Deloitte Tax Guide 2009 on Poland.
Other Corporate Taxes
For details on the other taxes levied on companies, consult the Polish Tax System.

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Individual Taxes

Tax Rate

Income tax Progressive rate from 0% to 32%.
From PLN 0 to 556 0%
From PLN 557 to 85,528 18%
PLN 85,528 and over 32%
Allowable Deductions and Tax Credit
In Poland tax payers benefit from various deductions:
- Various donations (to science, charities, etc.) are deductible up to 10%, or even 15% in some cases.
- Deductions on purchasing and building real estate.
Special Expatriate Tax Regime
For information on expatriate taxing, access the 2009 PKF tax guide on Poland

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
Access the list of tax treaties signed by Poland
Withholding Taxes
Dividends: 19%, Interest: 20%, Royalties: 20% (may be reduced in the case of a tax treaty).

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Sources of Fiscal Information

Tax Authorities
Ministry of Finance
Other Domestic Resources
Taxonline on Poland

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Find more on about Taxes and Accounting in Poland.

Intellectual Property

National Organizations
The organization responsible for the protection of intellectual property in Poland is the Urzad Patentowy RP, it is a member of the European Patent Office (EPO).
Regional Organizations
Copyright Office
Industrial Property Office
International Membership
Member of the WIPO (World Intellectual Property Organization)
Signatory to the Paris Convention For the Protection of Intellectual Property

National Regulation and International Agreements

Type of property and law Validity International Agreements Signed
Law on inventive activity
19 October 1972, modified by the law of 16 April 1993
20 years
Patent Cooperation Treaty (PCT)
Strasbourg agreement Concerning the International Patent Classification
Law on Trademarks
31 January 1985
10 years, renewable for a consecutive period of 10 years. Trademark law treaty
Nice agreement
Protocol relating to the Madrid Agreement
Berne convention
Rome ConventionFor the Protection of Performers, Producers of Phonograms and Broadcasting Organizations
WIPO Copyright Treaty
WIPO Performances and Phonograms Treaty
Industrial Models

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Legal Framework

Independence of Justice
Judicial power in Poland is independent, but the Courts are well-known for their long administrative delays in dealing with cases.
Equal Treatment of Nationals and Foreigners
Poland is a constitutional State. Foreign nationals can expect to obtain impartial proceedings in legal matters.
The Language of Justice
Polish is the language of justice used.
Recourse to an Interpreter
It is possible to obtain an interpreter.
Sources of the Law and Legal Similarities
The main source of the country's law is the Constitution of 1997. The legal system is a mix of Continental civil law (Napoleonic) and remenants of communist legal theory; changes are being brought in rapidly with the process of democratization. Poland accepts the obligatory jurisdiction of the ICJ (International Court of Justice) but with reservations. As Poland is a member of the European Union, its national law must abide by the conditions of the country's legislation.
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National Standards Organizations
Polish Standardization Committee
Integration in the International Standards Network
Poland has developed a widespread system of standards and certifications of its own, not always harmonized with international standards. It is a member of different international standards organizations: ISO, IEC, CEN, CENELEC, ETSI. It also cooperates with other international organizations for the harmonization of standards and certifications, such as UN/ECE (United Nations Economic Commission for Europe), ASTM (American Society for Testing and Materials), WTO/TBT (WTO Agreement on Technical Barriers to Trade).
Classification of Standards
Concerning marketing, in Poland, products subject to the field of application of New Approach European directives: since 1 May 2004 they must carry the "CE" mark. For further information about CE marking, please consult the information on EC marking.
Online Consultation of Standards
Catalog of Polish Standards
Certification Organizations
Polish Center for Analysis and Certification
Polish Center for Accreditation

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Business Practices

General Information
Executive Planet
Kwint Essential
Opening Hours and Days
Working hours are from 8am to 4pm from Monday to Friday.
The days off are Saturday and Sunday.

Public Holidays

New Year's Day 1 January
Epiphany 6 January
Easter April (no fixed date)
Labor Day 1 May
Constitution Day 1791 3 May
Corpus Christi May-June (no fixed date)
Ascension 15 August
All Saints 1 November
National Independence Day 11 November
Christmas 25 and 26 December

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  • Standards in Poland

    Products tested and certified in the United States to American standards are likely to have to be retested and re-certified to EU requirements

    U.S. Commercial Service Poland on 6 Apr 2010 related to Taxes and Accounting in Poland

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