As of 1 January 2020, the duty to officially begin implementation of employee capital plans, or PPKs, will come into force with respect to medium-sized companies, i.e. ones employing between 50 and 249 workers. The experiences to date suggest that, if measures towards this end are not taken forthwith, abiding by the statutory deadlines will be very difficult.

Beginning in July 2019, implementation of PPKs has been underway at some 4,000 entities with an employee headcount (as at late 2018) of at least 250. All in all, these were deep-pocketed companies with top-notch legal and tax support, but it cannot be said that the process was glitch-free.

According to a report by KPMG, come August 2019, a mere 19% of the large companies were fully prepared for rolling out employee capital plans (this despite the fact that the final stage of the whole process must be completed by 12 November !). On the other hand, of the remaining entities, 70% declared themselves to be at an advanced stage of preparations. Experts have warned that, in the case of medium-sized companies, a similarly relaxed attitude may have grave consequences.

Adam Kraszewski

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