MARKET OVERVIEW

Commercial Company Law

Partnerships:

  • Registered partnership

  • Limited liability partnership

  • Partnership limited by shares

  • Professional partnership

 

Companies:

  • Limited liability company (Ltd.)

  • Public limited company (Plc.)

Tax rates

  • Personal income tax 19% or 15%- flat tax rate

  • Dividend yield tax 19%

  • Corporate income tax 19%

  • Turnover tax 23%

  • Tax breaks

     

     

    Business activity after the declaration of the linear taxation: 19%

    Business activity unless the linear taxation is declared: 18% up to 85,528.00 PLN and 32% of the surplus over 85,528.00 PLN

    Incomes of capital companies and limited joint stock company: as a rule 19% or 15% for small taxpayers

    The Polish tax system distinguishes many types of taxes:

      • Corporate income tax (CIT)

      • Personal income tax (PIT)

      • Tax on goods and services (VAT)

      • Tax on civil law transactions

      • Real estate tax

      • Tax on means of transport

      • Inheritance and donations tax

      • Agricultural tax

      • Forestry tax

      • Excise duty

      • Game tax

Funding business in Poland

Economic activity in Poland may be started and ran by foreign companies in almost all permissible forms which are allowed for Polish companies. Natural persons and legal entities from the EU countries fall under the same conditions and rules as Polish individuals or companies.

 

Companies may be established by:

  •      Individual persons

  •      Legal persons (Ltd., Plc)

  •      Companies without legal personality

  •      Co-partners in civil partnership

Economic Activity Law

  • Freedom of undertaking and running business activity

  • Equality before the law of all companies

  • Consumer’s rights protection

  • Unfair competition ban

  • Favorable conditions for small and medium size companies