Accounting for Polish branches of foreign companies – global precision, local knowledge

Polish branches of foreign companies face unique accounting and tax challenges. Operating in an international environment, they require a comprehensive accounting service that takes into account global financial standards and local regulations. EFEKTA Accounting Office offers dedicated support to the Polish branches of foreign companies, ensuring precise financial management in line with our mission: “Complete Accounting, Complete Peace of Mind”.

Accounting challenges for Polish branches of foreign companies

1. Adapting to local regulations and requirements
   Polish tax and accounting law is detailed and dynamic. Foreign companies often face difficulties in adapting global procedures to local regulations.
2. Reporting in line with international standards
   Branches of foreign companies have to comply with both local financial reporting requirements and international accounting standards (IFRS or US GAAP), which increases the complexity of accounting processes.
3. Complexity of tax settlements
   VAT, CIT, settlements of international transactions or withholding tax – Polish branches have to deal with a wide variety of tax regulations, which often differ from the systems in their home countries.
4. Representation in Polish institutions
   Branches of foreign companies often need support in dealing with tax offices, the Social Insurance Institution and other authorities. Managing these processes alone can be time-consuming and complicated.
5. Reporting for head office
   Polish branches of foreign companies have to prepare detailed financial and tax reports for both local institutions and head offices, which requires excellent data synchronisation.

EFEKTA – Your support in Poland

Our accounting office offers comprehensive accounting services for Polish branches of foreign companies. We combine global standards with local knowledge to ensure your business is fully compliant and as efficient as possible.

1. Keeping complete books of account
   We ensure compliance with Polish accounting regulations, including bookkeeping, recording of revenue and expenses and preparation of financial statements.
2. Tax settlements
   We handle all aspects of the Polish tax system, including VAT, CIT, PIT, withholding tax and cross-border transaction settlements. We ensure timeliness and regulatory compliance.
3. International reporting
   We produce reports in accordance with IFRS, US GAAP or other head office requirements. We ensure that documentation is clear and meets global standards.
4. Representation before Polish authorities
   Our office represents your company in its dealings with the tax offices, the Social Insurance Institution and other authorities. We solve problems and provide full support during audits.
5. Reporting for head office
   We prepare detailed financial and tax reports that enable effective branch management from head office level.
6. HR and payroll service
   We assist with HR and payroll management, including payroll preparation, the Social Insurance Institution settlements and preparation of employee documentation.

Why choose EFEKTA?

1. Dedicated accountant
   Each branch cooperating with us receives a dedicated accountant who is familiar with the specifics of international operations and the Polish market. It is a guarantee of personalised support.
2. Individual approach
   We understand that every foreign branch has different needs. We offer solutions tailored to the scale and specifics of your business.
3. Global precision, local knowledge
   We combine knowledge of international standards with in-depth knowledge of Polish accounting and tax regulations.
4. Comprehensive support
   We provide complete accounting, tax and legal support, allowing your business to operate efficiently and in compliance with the regulations.
5. Complete accounting, complete peace of mind
   Our priority is the security of your business and your confidence that your finances are in good hands.

Your global vision, our local support

Operating in an international environment requires professionalism and precision. EFEKTA Accounting Office is a trusted partner that will help your Polish branch meet all accounting and tax challenges.

Contact us today to find out how we can support your Polish branch. Make an appointment for a free consultation and find out that our mission: “Complete Accounting, Complete Peace of Mind”, is more than a slogan – it’s a reality that we can provide for your business too.