• Tax relief for Research and Development - benefits for entrepreneurs

    Throughout the years, we have observed a significant increase in the importance of innovation on the Polish market. Carrying out such activity contributes to increasing the company's competitiveness in new and mature markets, creating new jobs and increasing the attractiveness of the company.
  • New rules for short-term employment of foreign citizens

    The government has put forward a draft act on the change to the act on promotion of employment and labour market institutions. According to the draft act, apart from the existing work permits, there will be documents including a seasonal work permit, issued by a starost for the period of nine months in a calendar year.
  • Customs and tax audit - New rules for taxpayer audit

    On March 1 2017, the Act on the National Fiscal Administration (hereinafter also "the NFA Act" came into force, significantly changing the auditing procedures which apply to tax payers. First and foremost, along with the act coming into force tax, fiscal and Customs Service administration became consolidated. In practice, tax offices and customs and tax offices will operate as a combination of customs administration and tax audit offices.
  • Statutory minimum wage in Germany and its consequences for foreign entrepreneurs

    A new Law on minimum wage (MiLoG) has been in force in Germany since January 2015. According to § 1 of the Law, every employee is entitled to a minimum wage amounting to 8.50 EUR gross per hour.
  • Methods of enterprise valuation in the M&A

    One of the stages of the enterprise acquisition and sale is valuation of the company constituting the object of the transaction. Due to the complexity of the valuation process, as well as its frequently occurring subjectivity, valuation of a company in a reliable manner is far from easy. This article aims to introduce to the reader the most popular methods of company valuation by providing example situations where there is a need for establishing an enterprise's value.
  • Changes in the labour law - new rules for employers

    From 1 September 2016 changes in the labour law which define new rules for employers in different situations, enter into force.