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ARTICLE · 03 JUNE 1998

Investment Relief

KPMG
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PolandFinance and Banking

Investment relief of up to a maximum of 20% (40% if the export criteria are met) of taxable income, is available in respect of expenditure incurred on the purchase of most types of machinery and equipment, including for example:
  • modes of transport (excluding passenger cars);
  • licences, patents, know how rights;
  • purchases of state owned enterprises or integrated parts thereof.

Certain conditions must be met in order to qualify for the relief, for instance the company must either:

  • achieve a profit rate of 8% (4% for the construction and food processing industries); or
  • export 50% plus of its turnover; or
  • earn income from exporting in excess of 8,000,000 ECU; or
  • incur pre-trading investment expenditure of 2,000,000 ECU or more.

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