- The construction industry in Poland faces challenges such as labor shortages, rising material costs, energy efficiency requirements, and tax implications.
- Delayed payments are a major issue, leading to tax implications for creditors and debtors under the bad-debt relief mechanism.
- Over 700 companies declared insolvency in 2024.
- Digital reporting tools enable precise audits by tax authorities, with a focus on VAT compliance and withholding tax exemptions.
- Errors in VAT compliance can result in severe penalties.
- Businesses must develop coherent tax strategies to manage risks and navigate complex tax regulations.
- Audits are becoming more targeted and specialized due to digital reporting expansion.
Source: mddp.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
