A business activity is an organized profit-making activity focused on making profit, conducted on a continuous basis and under one’s own name. People whose income does not exceed 50% of the minimum wage and who have not undertaken a business activity in the last 60 months are exempt from the duty of registration.
“Our mission is to effectively support business in Polish – Indian relationships” – said J.J. Singh, the President of the Indo Polish Chamber of Commerce and Industry, in a special interview for KG Legal Kiełtyka Gładkowski. The entire interview, recorded on 10 July 2014 in the seat of the Chamber in Warsaw, was published in KG Legal Business Portal in Press Room section.
The Business Constitution is a package of 5 acts that comes into force on 30 April 2018 and at the same time repeals the Act from 2004 on the freedom of business activity. Its aim is to reform and simplify the regulations on conducting business. The most important of the acts is the Law of entrepreneurs, which will determine the most important rights of the entrepreneur and the rules of conducting business. Although the amendment covers a great part of economic law, most of the existing regulations remain in force, only their transfer from derogated to newly introduced legal acts has taken place.
The Polish parliament amended the Act on Personal Income Tax and Corporate Income Tax in Poland. New changes in law aim to encourage investors and entrepreneurs to develop research and development activities.
The Act of March 1, 2018 on counteracting money laundering and financing of terrorism (entering into force on 13 July 2018) is to increase the efficiency of action in this area yet triggers important changes for entrepreneurs operating in Poland.
