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World Bank Doing Business report cites Poland as the most improved business environment worldwide
Andrzej Dmowski, managing partner of Russell Bedford DZO, Poland, comments on World Bank Paying Taxes survey
With the Doing Business series now in its 10th year, the new report, Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, assesses regulations affecting domestic firms in 185 economies, ranking each on the basis of various criteria including ease of starting a business, insolvency resolution, and cross-border trade. Since 2009, Russell Bedford member firms have contributed to the report’s Paying Taxes survey, which examines the regulatory and financial burden of tax compliance on companies worldwide.
In terms of tax compliance obligations the country again shows significant improvement, moving up 10 places to 114th. However, Andrzej Dmowski, managing partner of Russell Bedford DZO, Warsaw, believes there is still room for improvement:
Social security and VAT compliance appear to be the most time-consuming areas, taking an average 124 and 100 hours per year respectively.
Notes to Editors
About Russell Bedford International
Established in 1983, Russell Bedford International is a global network of independent firms of accountants, auditors, tax advisers and business consultants. Ranked amongst the world’s leading accounting and audit networks, Russell Bedford is represented by some 460 partners, 5000 staff and 280 offices in more than 90 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific. Russell Bedford International is a member of the IFAC Forum of Firms and a member of EGIAN, the European Group of International Accounting Networks and Associations.
Russell Bedford DZO Sp. k.
Blue Point, 1st Floor, Office No. 105
Al. Stanow Zjednoczonych 61A
04-028 Warsaw, Poland
T: +48 22 516 26 80