23 August
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Innovative taxes
The Polish tax system offers several tax incentives intended to encourage businesses to pursue development initiatives. The Innovation Box (IP Box) and “Estonian CIT” are incentives on the income side, while R&D relief robotics relief the prototype relief and the foreign expansion relief are cost-based.
The amendments to the regulations planned with the introduction of the “Polish Deal” are particularly noteworthy. In the “Insights” section of our site, we keep users up to date with all changes that entered into force since 1 January 2022.
The Polish Deal introduced numerous solutions that impacted = business operations in Poland, including tax reliefs, Estonian CIT, holding companies, and withholding tax.
It is worth mentioning that as a result of these changes, new, previously unknown reliefs appeared (the prototype relief, the robotics relief, the foreign expansion relief), as well as facilitations in the use of existing instruments, such as the possibility of settling the R&D relief and the IP Box at the same time.
A proper understanding of how the available abatements work may be an important factor in improving the profitability of a business.
Are you interested in current changes in regulations? Check updates!
The greatest competition is between the IP Box and Estonian CIT, because both of these schemes focus on the income side of stimulating taxpayers’ development activity. The closest connection is between the IP Box and R&D relief. Robotics relief probably poses the least threat to the popularity of the IP Box. But only time will tell whether these expectations are borne out.
Łukasz Kempa
Tax Director
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