Poland expects that the new PPP Law will pave the way for hundreds of projects in the coming years
The new Public-Private Partnership (PPP) Law, approved by the lower house of the Polish Parliament (Sejm) last July, aims to establish a regulatory framework supporting both government agencies and private companies in jointly carrying out major service provision projects.
A new Act is to come into force on 14 June on Support for New Investments (creating the “Polish Investment Zone”) under which it will be possible to recover a major portion of outlays incurred for new investments (up to 70%)
The newly introduced support is CIT relief granted for a period of between 10 and 15 years, constitutes state aid, and is classified as regional aid.
The new rules for the preparation and submission of financial statements
Since 15 March 2018, financial statements can only be submitted to registry courts in electronic form. During the transitional period from 15 March to 30 September 2018, it will still be possible to submit scans of the paper versions of the abovementioned documents, however they must be signed using a qualified electronic signature, or with the signature of a trusted ePUAP profile. The submission of financial documents by electronic means also requires an account in the S24 system.
New obligations under the proposed act on openness in public life
The Act on Openness in Public Life, which is currently being prepared, entails many changes that are sure to be important for many enterprises. There are three main areas in which the proposed act will have a direct effect on the operation of enterprises, both those belonging to the public finance sector and private companies.
Garrigues Warsaw takes part in a seminar on PPP projects in Spain and Poland
On December 12, a seminar on experiences in public-private participation (PPP) projects in Spain and Poland was held in the main auditorium of the Polish Ministry of Development.
Carlos Rapallo returns as the partner in charge of Garrigues in Poland
Carlos Rapallo has been head of the firm’s Warsaw office before, between 2007 and 2012, and returns to the area once again to coordinate activities in central and Eastern Europe.