In accordance with the Code of Commercial Patrnerships and Companies (KSH), the Management of BTech Company based in Wrocław prenotifies about the division of the foregoing copartnership into two business entities: BTech Sp. z o. o., which is supposed to continue providing IT services and a new entity, which is ultimately planned be named BTech Real Estate Sp. z o. o. and is going to deal with real estate business rental properties.The estimated date of the accomplishment of the division process is June 30th, 2019. The detailed blueprint of the division process is available below (the enclosures are available for inspection at the business office)

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On July 1, 2018, a new legal regulation, called the Split Payment (in Polish “Mechanizm Podzielonej Płatności – MPP”), has been introduced in Poland.How it affects your ERP?

As of 1 July 2018, the Split Payment mechanism (split VAT payment) will become effective in Poland. Its use is voluntary, however, if one of the company’s contractors starts to use it, it becomes obligatory for both parties. In such a situation, the buyer pays the net value to the supplier's bank account for each transaction (goods/services) and the VAT amount is credited to a separate VAT account belonging to the supplier, which is also inspected by the tax authorities.