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Getting the most from my hard earned money (transfer money from England to Poland)


PWEI 3 | 612
14 Oct 2011  #31
hmm are you telling me if a person takes a large amount of money into Poland he has to pay tax on that amount???

Well that would depend on:
whether the person is a Polish tax resident;
where and how he obtained the money;
whether the tax due, if any, was paid on that money;
whether Poland has a double-taxation agreement with that country.
delphiandomine 83 | 17,679
14 Oct 2011  #32
Depends on the specific situation. In this case, where someone is clearly resident in Poland for taxation purposes (unlike the UK, Poland has no exotic laws about domicile) - he is liable to pay Polish taxation. Whether or not he'll actually be taxed - I don't know, I'm not an accountant - but he has an obligation to report the income regardless.
PWEI 3 | 612
14 Oct 2011  #33
he has an obligation to report the income regardless.

And there's the real issue:
if one reports income to the tax office and there is no tax owing on it, no problem;
if one fails to report income to the tax office and there is in the opinion of the tax office tax due on it, big problems.
delphiandomine 83 | 17,679
14 Oct 2011  #34
Stereotypical British attitude really - "oh, why should I bother reporting it to those dumb Poles, they won't find out anyway".

Worth pointing out that data-sharing agreements are well and truly in force in the EU - it would be trivial for Poland to get access to UK bank account data these days.
cms 9 | 1,272
14 Oct 2011  #35
it would be trivial for Poland to get access to UK bank account data these days.

Its far from trivial - its a time consuming process than often needs a court order, or permission from the banking authorities and is rarely attempted unless they is evidence of a sizeable crime and a more than evens chance that the investigation will be vindicated.

Its actually about the 5th or 6th bum piece of info on this thread - and remember you guys are quick enough to rip into other English teachers for their grammar mistakes !
PWEI 3 | 612
14 Oct 2011  #36
Extradition is also far from trivial, is a time consuming process and costs a lot. However, Poland still extradites people who nick a couple of chocolate bars, show a photocopy of their insurance documents, buy an arguably dodgy phone or have their house seized by the bank in order to more than repay a loan secured thereon.

Personally I would very strongly recommend never trying to fcuk around with the Polish tax office (and even less so with the cnuts who deal with VAT): just declare the income, point out that tax has already been paid in the UK and see what they say. If you don't like their answer, go see a certified tax advisor.
delphiandomine 83 | 17,679
14 Oct 2011  #37
What makes you think that it will always be the case?

I'd have laughed at you at the start of the millenium if you suggested that the EU could introduce the European Arrest Warrant and actually make it work (or not work, depending on your perspective). Now - it's nothing out of the ordinary - and furthermore, it's abused by - surprise - Poland.

And anyway, who would even *want* to have the Polish tax office on their case?

With Polish prosecutors, it seems that they'll stop at nothing to waste public resources. Not exactly a big deal for them to waste some more on accessing bank account data.
wielki pan 2 | 250
15 Oct 2011  #38
but he has an obligation to report the income regardless

Mr D having money in the bank account is not income, I think you are making up a lot of stuff as you go around which is sad because your information is generally good... understand son that Poland has a tax agreement with about 60 countries, which means you cannot be taxed twice ie if you had money in the bank account which has been taxed well thats yours..keep in mind the governments have access to what is in bank accounts etc...the polish tax system has links to peoples tax information for purposes of compliance, I'm not sure if one is obliged to inform the polish tax department everytime he transfers money.. I doubt it but would need to provide verification if so requested...The issue of moving large amounts of money in a suitcase to another country is generally to stop money laundering and people who don't declare have that money taken away. Its interested to note that the Polish government has done nothing to stop the black economy ie people paid cash etc, these same people are usually on some sort of Disability payment..
PWEI 3 | 612
15 Oct 2011  #39
having money in the bank account is not income

And that statement is connected to the OP how?

And how does cash get into one's bank account? Osmosis?
delphiandomine 83 | 17,679
15 Oct 2011  #40
Mr D having money in the bank account is not income

Actually - let's remember that in Poland, interest in bank accounts is taxed at 19%. So - if your account is earning gross in the UK (which is possibile), yet you're not paying 19% to the Polish taxman, that's yet another black mark.

I think you are making up a lot of stuff as you go around which is sad because your information is generally good...

We're not talking about this though - we're talking about the need to declare the income. Even if Poland has an agreement, in terms of residency, he's tax resident in Poland. His actual tax bill in Poland - well, who knows? That's what professionals are for...It's quite possible that he'll have no bill - equally so, it's possible that he'll be hit with a big bill. Either way, he'll be on clear ground with them instead of trying to operate on the sly.

I'm not sure if one is obliged to inform the polish tax department everytime he transfers money

He'll be obliged to report it at the end of the year, but that's about it.
JonT - | 1
4 Feb 2012  #41
Easy exchange now does money transfer from the UK to poland. The mimimum amount is £50.


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