What has changed in the “Polish New Deal” package in comparison to its initial version?

Please find below our brief summary: CIT/PIT Introduction of so-called minimal tax (amounting to 10% of tax basis) for companies and tax capital groups (i) which incurred operational loss or (ii) in case of which ratio of operational income to operational revenues does not exceed 1%; Decrease from 9% to 4.9% of non-deductible health insurance […]

A new innovation package for entrepreneurs

A draft of the tax act has been published to introduce a tax relief system for companies in CIT and PIT. The system of reliefs is intended to encourage entrepreneurs to innovations and will include the following elements: research and development relief supporting works on a new product, service, or process; relief for employing innovative […]

Repatriation Program

The Ministry of Finance presented details of the so-called Repatriation Program, which aims at (i) encouraging Polish citizens to return to Poland and (ii) creating favorable conditions for investments and family business in Poland. Below we present the main assumptions of the Program. Relief for return Individuals living and working abroad for at least 3 […]

WHT regime postponement in Poland

On 11 June 2021 draft regulations introducing the postponement (for the sixth time!) of the mandatory WHT pay-and-refund regime until 31 December 2021 were published on the RCL website. As the Ministry of Finance clarifies, the postponement results from the exceptional conditions of the COVID-19 pandemic, which makes it unreasonable to burden payers and taxpayers […]

New reporting obligation for a specific task contract (umowa o dzieło) as of 1 January 2021

The amendment to the “COVID-19 Act” dated March 31, 2020, introduced an additional obligation for companies engaging individuals under specific task contracts (umowa o dzieło). As of January 1, 2021, a remitter (Polish company) will be obliged to inform Social Insurance Institution (ZUS) of the conclusion of each specific task contract, provided that: the contract […]

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