Formation de Société en Pologne

Company structure in Poland

 

Key Figures of Companies in Poland

Official name Republic of Poland
Proper noun Rzeczpospolita Polska (pl)
Continent Europe
Subcontinent European Union
Population 38,386,158 inhabitants (2019)
Population growth -0.07 % / year
Area 312,679 km²
Density 122.77 inhabitants / km²
GDP 585.783 billion $USD (2018)
GDP / capita 15,424 $USD (2018)
GDP growth 5.10 % / year (2018)
Life expectancy 78.50 years (2018)
Birth-rate 8.90 ‰ (2019)
Fertility rate 1.45 children / woman (2017)
Mortality rate 9.70 ‰ (2019)
Child mortality rate 4.40 ‰ (2019)
Literacy rate 99,80 % (2019)
Official languages Polish
Change Złoty (zł PLN)
HDI 0,872 / 1 (2018)
IPE 64,11 (2018)
Nature of State parliamentary republic
Head of state President Andrzej Duda
National Holiday May 3 (constitution of 1791)
Codes ISO PL, POL
Nice Polish, Polish
Tourists 18,257,800 people (2017)

 

Formation de Société en Pologne

 

Entry into the European Union has been beneficial

The Poland is a central European state, bordering Germany to the west, the Czech Republic and Slovakia to the south, Ukraine and Belarus to the east, the Russian enclave of Kaliningrad and Lithuania to the north. It is bordered to the north by the Baltic Sea.
Entry into the European Union on 1er January 2004 was particularly beneficial for Poland and the Poles.
Indeed, since the fall of the Berlin Wall and the break-up of the Eastern European bloc, the country had followed its neighbors in a sort of economic descent into hell. Unemployment had risen a lot, many businesses had closed.
However, the 38.4 million consumers that the Poles represent is one of the biggest and most promising markets in the European Union. It is also a buffer country between the Union and nearby Russia.

 

Formation de Société en Pologne

 

This is why a lot of western companies have rushed into this market. Telecommunications, mass distribution, electricity and energy, services, banks, IT, infrastructure, etc.
And opening up to the European Union has accelerated change, in particular thanks to European funds poured into the country, which is now one of the most agricultural in the Union (along with France).

 

Formation de Société en Pologne

 

The overall situation is improving, thanks in particular to good economic performance. The infrastructure is being modernized at high speed, motorways are being built and brought up to European standards, and many other facilities follow. But a whole segment of the population still lives below the poverty line. The urban population is only 66 %, behind the big industrial countries, and it is in the countryside that the situation is particularly worrying.
Population figures change little, and after peaking in 1996, Poland has since lost around 300,000 inhabitants. And the big cities have not seen a significant increase or decrease in their population. Demographics remain sluggish, and accelerated aging is causing the population to decline slightly year after year.
Many Poles, especially young people, have indeed gone abroad in order to find work (1.7 million in 25 years). However, since 2007 there has been a tendency for them to return in number. The Brexit voted by the United Kingdom, a country in which a large number of Poles have gone to settle, should encourage a certain number of returns.

 

Corporate Taxation in Poland

Corporate tax rate (IS)

Global CIT rate (%) 19 (9% for companies with a turnover of up to EUR 1,200,000)

Corporate tax (IS) due dates

CIT return deadline Within three months of the end of the tax year.
CIT final payment due date Within three months of the end of the tax year.
Estimated due dates for CIT payments The IS advances must be paid for each month by the 20th of the following month at the latest.

Personal income tax rate (PPI)

Global PIT rate (%) 32, plus 4% solidarity tax on income over PLN 1 million

Personal income tax (PIT) due dates

PIT return due date April 30
IRP final payment due date April 30
Estimated PIT Payment Due Dates 20th day of the month following the month in which the income was received.

Value added tax (VAT) rate

Standard VAT rate (%) 23

Withholding tax rate (WHT)

WHT rate (%) (Div / Int / Roy) Resident: 19 / NA / NA;

Non-resident: 19/20/20

Capital gains tax rate (CGT)

Corporate capital gains tax rate (%) Capital gains are subject to the normal corporate tax rate.
Tax rate for individual capital gains (%) Transfer of real estate: subject to the normal rate of IRPP.

Transfer of shares: 19.

Wealth / Equity Tax Rate

Global wealth / equity tax rate (%) N / A

Rate of inheritance and gift tax

Rate of inheritance tax (%) NP
Gift tax rate (%) NP
NA means Not Applicable (that is, the territory does not have the stated tax or requirement)
NP stands for Not Provided (i.e. information is not currently provided in this chart)