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Poland's Lower Chamber of Parliament Approves Simplified Financial Reporting for Micro-Undertakings

|Approved Changes|Poland
Poland

Poland's lower chamber of parliament has recently approved a bill introducing simplified financial reporting requirements for micro-undertakings. Under the rules, companies and partnerships not exceeding certain thresholds will enjoy the following simplified requirements:

  • They may prepare abridged annual financial statements that include basic information on the balance sheet and profits and l…

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