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Basic transfer-pricing compliance obligations
Transfer pricing is one of the focal points of taxation in Poland. The arm’s-length principle underlying transfer pricing requires related parties to provide products, services or loans to each other on terms that would have been agreed upon between independent parties. When they follow the arm’s-length principle, taxable profits recorded by each party will not be distorted by their membership in the same capital group. The arm’s-length principle must not only be followed, but also be clearly seen to be followed and this comes at the cost of compliance efforts. In this respect, three issues will be analysed below: basic compliance obligations, selected peculiarities of Polish regulations, and transfer pricing documentation for a group of companies.
Basic transfer-pricing compliance obligations
Legal aspects of fighting cybercrime appearing in the form of ransomware and data hacks
While business email compromise frauds might be on the decline, businesses are increasingly impacted by ransomware and data hacks. Just in the past few months, the press have reported on a number of large-scale ransomware attacks targeting both private and public entities. The impact of the attacks is always huge: disrupted operations, leaks of trade secrets and personal data, losses to reputation.
Legal aspects of fighting cybercrime appearing in the form of ransomware and data hacks
News from Poland—Business & Law, Episode 13 (part 2): interrogation of a foreigner as a witness
Stanisław Drozd and Konrad Grotowski carry on explaining what to expect if you are a foreigner testifying as a witness before the Polish civil court.
Legal aspects of fighting cybercrime appearing in the form of business email compromise
Business email compromise, or BEC is a type of cyber-facilitated fraud where fraudsters compromise IT networks, intercept business communications, and by using different manipulation techniques, trick employees into making wire transfers to fraudulent bank accounts. The fraud itself is not a new creature. It is an old trick, merely conducted with the use of modern technologies.
Legal aspects of fighting cybercrime appearing in the form of business email compromise
Private rented sector (PRS) in Poland
The private rented sector in Poland is on the radar of foreign institutional investors.  Investments in residential rental properties are in vogue in Western Europe. Despite the global crisis caused by COVID-19, investors actively seek opportunities in friendly foreign markets, including Poland. The Polish market is considered promising, even though historically in Poland there has been a tradition of owning rather than renting.
Private rented sector (PRS) in Poland
Changes in Polish public procurement law
Public procurement is the process by which public authorities – government departments or local authorities – purchase work, goods or services from companies in the market. Recent changes to the public procurement law brought many improvements.
Changes in Polish public procurement law
Moratorium on the filing of bankruptcy declarations
The pandemic impacted a number of businesses in Poland. To prevent some of its negative consequences a moratorium on the filing of bankruptcy declarations was introduced in Polish law on 13 April 2020.
Moratorium on the filing of bankruptcy declarations
News from Poland—Business & Law, Episode 13 (part 1): interrogation of a foreigner as a witness
This time Stanisław Drozd and Konrad Grotowski explain what to expect if you are a foreigner testifying as a witness before the Polish civil court. The second part of the film will be published in January next year.
 
News from Poland—Business & Law, Episode 12: receivables as an asset and opportunity
Daniel Smarduch discusses the transactions involving receivables from the Polish perspective. Receivables as an asset are present everywhere in the business world. This asset could be a problem for some, but at the same time an investment opportunity for others.
News from Poland—Business & Law, Episode 12: receivables as an asset and opportunity
News from Poland—Business & Law, Episode 11: binding instructions in holding law
Aleksandra Drożdż explains the liability for binding instructions that the parent company will be able to issue to its subsidiaries under the proposed provisions of the holding law.
News from Poland—Business & Law, Episode 11: binding instructions in holding law
News from Poland—Business & Law, Episode 10: property restitution (reprivatisation)
Dr Radosław Wiśniewski explains the problem of claims by pre-war property owners (and most often their heirs), which must be taken into account when purchasing real estate and pose a risk for transactions.
News from Poland—Business & Law, Episode 10: property restitution (reprivatisation)
News from Poland—Business & Law, Episode 9: transfer pricing compliance obligations
In this episode, Wojciech Marszałkowski explains transfer pricing compliance obligations. What is the arm’s-length principle? When do taxpayers have to prepare documentation describing most cross-border transactions? What are the peculiarities of the Polish transfer pricing regulations? What are the rules regarding indirect transactions with tax havens? When can taxpayers be required to prepare a “master file”?