Worth to know
The ISO 37002 standard “Whistleblowing management systems – Guidelines” is to be published in the coming weeks. The ISO 37002 standard focuses on the actions that an organization should take from the moment of receiving a whistleblower report to the moment when an organization has to decide on corrective actions and implement them. The ISO 37002 standard is a set of guidelines on how to create a system handling the reports made in an organization. The ISO 37002 standard is not intended to be a certified standard. Unlike the ISO 37001:2016 standard “Anti-bribery management systems – Requirements with guidance for use”, which is a certified standard.
Central Register of Beneficial Owners (hereinafter: “the Register”) maintained by the Minister of Finance.
The obligation to submit reports on beneficial owners to the Register results from the art. 55-71 of the Act of March 1st, 2018 on counteracting money laundering and terrorism financing, which implements the Directive 2015/849 of the European Parliament and of the Council (EU) (the AML Directive).
Companies often forget that confirming balances is more than just checking amounts. In particular, problems may arise in the case of disputed or doubtful claims.
What is included in the balance confirmation
The Accounting Act requires, in principle, confirmation of the balance of receivables. On the other hand, the Accounting Act does not require sending confirmation of the balance of liabilities.
As at the balance sheet date, all assets and liabilities should be inventoried. Entities perform the annual inventory in three ways, depending on the asset or liability they are dealing with. And so, the annual inventory is carried out by way of:
• physical inventory,
• balance confirmation,
• comparison of accounting data with relevant documents.
In order to enjoy a tax relief specified in art. 18d of the Act of 15.02.1992 on Corporate Income Tax (hereinafter: “the CIT Act”), a taxpayer must perform activities that meet the conditions for recognizing them as research and development activities within the meaning
On 18.05.2020 the Head of the National Tax Information issued a very important individual interpretation regarding services purchased from related entities in the context of their exclusion from tax costs, referred to in art. 15e sec. 1 of the Corporate Income Tax Act…
Video conferences gained practical significance during COVID-19 epidemic. However, the use of such a useful everyday work tool is not always carried out in a way that guarantees maximum protection of your own data and the data of all participants.
In a judgement of 16.01.2020 (case no. II FSK 373/18) the Supreme Administrative Court (hereinafter: “SAC”) confirmed the position of the tax authorities that a surety, in order to secure a credit in exchange for an obligation to grant a surety, is – as a gratuitous benefit – subject to taxation.
Until the moment of crossing out from the National Court Register, the company in liquidation has the possibility to conduct its current activities, which may generate additional costs for it – for example: those resulting from the necessity to rent office space or the costs of verification of balance sheets, court fees, notarial or administrative fees.
Work at home, the so-called home office, is becoming more and more popular. Especially in situations where the employer determines with the employee one or more days each week, allowing the employee for such a home office.
In our opinion, the starting point for implementing the procedures required by Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data…
Impressum is an information obligation, which entails with the rights of entity to specified publications such as books, magazines and also journals. Similarly, subjects publishing websites are obliged to do so. It means that it is necessary to provide certain data for instance seat, telephone number or e-mail address, the number in the proper register or records under the legal sanction. If we take a look at different than German legal systems, such as the United Kingdom or United States ones, there is no institution, which represents this kind of solution in one hundred per cent and instead it refers to terms such as “site notice” or “imprint”. The similar situation takes place in Polish law, where there is a necessity to search for analogous regulations, which are applied depending on the relevant factual and legal situation.
According to the Act of 10/05/2018 for the Protection of Personal Data (J. of L. pos. 1000), the Labor Code has implemented specific regulations, regarding the possibility of introducing a special supervision by the employer, in the form of technical means enabling image registration as well as the possibility of introducing by the employer of employee’s e-mail control.
Changes can be both very useful and also very dangerous for all those entities that negotiate with their business partners using e.g. e-mail or by negotiating during a conference call.
It is worth knowing what rights we have and what we can do in terms of legal steps, when in our assessment we have encountered misselling, for example by contracting a bank loan or purchasing bonds or buying another financial product.