Financial and Tax Accounting in Poland

The following entities are obliged to keep accounting records irrespective of the value of their net income:

all capital companies including:

Spolka z ograniczona odpowiedzialnoscia (abbr.: sp. z o.o.) – limited liability company
spolka akcyjna (abbr.: S.A.) – joint stock company

The following partnerships:

spolka komandytowa (abbr.: sp. k.) - limited partnership
spolka komandytowo-akcyjna (abbr.: S.A.) - limited joint-stock partnership
spolka cywilna (abbr.: s.c.) - civil law partnerships - by which at least one of the shareholders is a capital company or a partnership
spolka jawna (abbr.: s.j.) - general partnerships - by which at least one of the shareholders is a capital company or a partnership

The following entities are obliged to keep accounting records, if the value of their net income for the previous financial year exceeded the value of EUR 2.000.000

individuals
the following partnerships::

spolka cywilna (abbr.: s.c.) - civil law partnerships - by which all shareholders are individuals
spolka partnerska (abbr.: sp.p.) - professional partnerships

spolka jawna (abbr.: s.j.) - general partnerships - by which all shareholders are individuals

Our services

We offer the entrepreneurs, which are legally obliged to keep accounting records in Poland, our complete support by fulfilling of their tax and accounting duties.

Day-do day financial and tax accounting

assigning source documents to accounts
entering data to the system
keeping depreciation registers
providing automatic system-generated statements, i.e. balance sheet, income statement, open debtor and creditor items if necessary
calculating monthly Corporate Income Tax
preparation and submission of the monthly VAT returns on current monthly basis
Preparation and submission of the monthly Recapitulative Statements returns on current monthly basis (if necessary)

According to the specifics of the client and its business needs we may provide additional tax accounting services including:

calculating WHT on monthly basis
preparation of the Reports to the National Polish Bank

Year-end closing

preparation of the annual financial statement
preparation and submission of the annual CIT return (the CIT-8 form)
closing the old financial year and opening the new one

If applicable, we may provide additional tax accounting services:

preparation and submission of the annual WHT return
preparation of the annual other tax returns, if obligatory (ORD-U, IFTR, CIT-ST, etc.)
calculation of the profit to be ascribed to the Polish permanent establishment

FINANCIAL AND TAX ACCOUNTING

FINANCIAL AND TAX ACCOUNTING

Our services

Day-do day financial and tax accounting

Year-end closing