On June 18, 2009, an amendment to the Act on Insurance Activity comes into force. The changes aim to implement European Parliament and Council directive no. 2005/68/EC of November 16, 2005, on reinsurance.

On March 31, 2009 new provisions of the Act on Evidence and Identification of Taxpayers and Tax Withholders came into force.

On March 31, 2009, provisions will come into force which amend the Act on Freedom of Economic Activity with respect to, among other things, the suspension of economic activity.

The Sejm is working on draft legislation which is to increase the limit of revenues of “small entrepreneurs” from EUR 800,000 to EUR 1.2 million. That way, the revenue limits of “small entrepreneurs” specified in the income acts and in the act on VAT will be the same.

On February 12, the Sejm adopted an amendment to the act which, among other things, lifts the obligation to obtain a construction permit and the obligation to register construction work, replacing these with a simplified procedure for entry into the Construction Work Register.

In accordance with an individual interpretation made by the Head of the Tax Chamber in Katowice on February 4, 2009 (file no.: IBPBI/2/4240-2/09), expenses for an incentive event in the form of a picnic for employees and their closest family members may be deductible business expenses for a taxpayer.

Pursuant to §7 of the decree of October 15, 1997 on the detailed organisation and manner of managing of the Register of Pledges, a motion for making an entry in the register should include identification numbers of the entities to be registered.

Parliament is working on a draft amendment to the act counteracting the practice of “money laundering”.

In January 2009, provisions came into force, which lifted the Civil Code regulation according to which monetary liabilities within Polish territory had to be, as a principle, expressed in the Polish currency.