Progress Holding has been providing accounting services to construction and development companies run by foreigners in Poland from various countries for many years. With over 20 years of experience in this field, we offer effective solutions to address the unique challenges faced by construction companies.
Our service offer includes the implementation of electronic document management systems for communication with construction companies and developers.
We streamline accounting processes by using digital employee files, online reporting, and electronic document flow to enhance efficiency and productivity.
With our personalized accounting services, companies can focus on innovation and growth while we manage their financial operations.
Our Services for Construction Companies and Developers include:
- Bookkeeping of all financial transactions, including the management of split payment mechanisms.
- Providing payroll and HR record-keeping, obtaining occupational health and safety certificates, managing employee files,
- Applying for A1 certificates for employees posted abroad.
- Support the leasing of machinery and transportation assets.
- Fixed Asset Management. We track and manage your company’s fixed assets to ensure proper depreciation and valuation.
- International Transaction Accounting. We handle foreign transactions, ensuring compliance with international tax regulations and accounting standards.
- Support for Financial Audits and Tax Inspections. Our team provides full support during financial audits and tax inspections, ensuring smooth and efficient processes.
- Banking Support. We assist with communication and transactions with banks, including credit applications and other financial services, on behalf of our clients in the construction industry.
- Preparation and Filing of Tax Returns (CIT, VAT). We prepare and file all necessary tax returns, including corporate income tax (CIT), value-added tax (VAT)
- Support with Tender Documentation. We assist construction companies in gathering and preparing the necessary documentation for participation in tenders.
- Loan Application Documentation. We compile the required documents for loan applications and financial support for construction companies.
- Annual Tax Return Preparation. We ensure your company remains compliant with tax regulations by preparing and filing annual tax returns.
Special Regulations for Construction Services in the EU
Many Polish construction companies operate in other EU countries, such as Germany or the United Kingdom. In such cases, new regulations apply for posted workers. For example, if you provide construction services in Germany to an individual, you are not subject to the German construction tax but are still liable for German VAT. Germany also has a specific construction services tax, which involves a 15% withholding on payments made to contractors. However, it is possible to apply for an exemption from this withholding tax by submitting the necessary documentation to the local tax authorities.
Progress Holding ensures you access to an expert team that understands the complex tax regulations and compliance requirements for construction companies operating in various countries. Let us handle your financial operations so you can focus on growing your business.
