On June 24, 2020, the so-called anti-crisis Shield 4.0 regulations entered into force introducing to the acts on income taxes i.a. an episodic exemption from the tax on revenues from buildings and shortening the period after which a taxpayer is entitled to take advantage of the so-called bad debt relief. Exemption from tax on revenues from buildings New […]
PFR Financial Shield – time to support Large Enterprises
European Commission has approved the last part of the Polish Financial Shield program for large enterprises and certain medium-sized enterprises (SMEs) in connection with COVID-19 outbreak. Application may now be submitted via a form provided by the PFR (Polish Development Fund). Overall budget of PFR Financial Shield Support Scheme for Large Enterprises amounts to approximately PLN […]
Anti-Crisis Shield 3.0 already in force
The so-called Anti-Crisis Shield 3.0 regulations have entered into force on 16 May 2020. Please find below a summary of the most important changes. SOCIAL SECURITY CONTRIBUTIONS Extension of the exemption – individuals conducting business activity and paying social security contributions will be allowed to benefit from social security contributions’ exemption for April and May […]
Anti-Crisis Shield 3.0 – to be continued
The government’s bill on the new aid program as part of anti-crisis regulations (the so-called Anti-Crisis Shield 3.0) is now going to be discussed in the Senate. SOCIAL SECURITY CONTRIBUTIONS Extension of the exemption – individuals conducting business activity and paying social security contributions will be allowed to benefit from social security contributions’ exemption also when […]
Anti-crisis Shield 2.0 – complementary package
The so-called Anti-Crisis Shield 2.0 extending provisions of the earlier Anti-crisis shield (referred to on our blog) entered into force on 18 April 2020. Below we present the most important implemented changes: Refinancing under the so-called downtime The possibility of granting the stoppage benefit – to be granted, the entrepreneur has to show that the […]
Financial Shield – how you can benefit
In the next few days, the first applications of large companies for refunding their business activity within the so-called “Financial Shield” are expected. The formal introduction of the program for these beneficiaries still depends on its notification by the European Commission. However, submission of the initial application is already possible – detailed qualification and refunding […]
Anti-Crisis Shield – Summary of Implemented Solutions
On 1 April 2020 a package of bills and decrees, so-called “Anti-Crisis Shield”, entered into force. Below we present the most important solutions: SUPPORT CONCERNING EMPLOYERS, EMPLOYEES AND SOCIAL SECURITY CONTRIBUTIONS (ZUS) 1.Exemption from social security contributions (upon request) Exemption for small companies (up to 9 people registered for social security) from social security contributions […]