In this edition: Proposed amendments to CIT Act. Favourable changes in amortization. Retail tax violates EU law. General interpretation of Minster of Finance on services…
In this edition:
- Revolutionary Changes to Income Tax on Values of Commercial Properties.
The legislators introduced new regulations on the so called minimum income tax. The regulations have subsequently been compounded by another act and a set of self-amendments to cohere the rules applicable since 1 January 2018. On 11 May 2018 the Sejm passed The Act Amending the Acts on Personal Income Tax, Corporate Income Tax and the Act on Flat-Rate Income Tax on Selected Incomes Earned by Individuals.
- Limits on the Amount of Costs Related to Purchasing Certain Rights and Services.
Pursuant to the Act of 27 October 2017 Amending the Acts on Personal Income Tax, Corporate Income Tax and the Act on Flat-Rate Income Tax on Selected Incomes Earned by Individuals, the document was compounded by means of adding Article 15e.
- Real Estate Investment Trusts (REITs) and Tax Preferences.
25 April 2018 saw the publication of a draft bill conferring tax preferences on companies investing in rental properties (a Polish equivalent of real estate investment trusts) and their shareholders. The bill governs matters related to companies investing in real estate (a.k.a. real estate investment trusts or REITs) and their subsidiaries.
- Employees’ Capital Pension Schemes (ECPS) soon to be universal and obligatory for the employers.
Revised bill has been referred by Ministry of Finance for public consultation and inter-ministerial reconciliation.