Nine new Special Economic Zones have been created, four in the flood-ravaged southern region as an impetus for economic recovery. These are in Czestochowa, Kamienna Gora, Kostrzyn-Stubice, Olsztyn, Stupsk, Starachowice, Tarnobrzeg, Tczew and Zarnowice. They will have a 'life' of 20 years, with complete exemption from corporate income tax for 10 years and a 50 per cent reduction for the next 10 years.
The government had a limited period to create the necessary legislation since current agreements with the EU prohibit the establishment of any new zones after 1999. It is not anticipated that any further zones will be created.
Tax laws and practise are constantly being revised and, whilst every effort is made to ensure that the information in this tax newsletter is accurate and timely, no decision should be taken on the basis of the information herein without first consulting with KPMG Polska.
Should you have any questions in relation to the above issues, please contact:
The government had a limited period to create the necessary legislation since current agreements with the EU prohibit the establishment of any new zones after 1999. It is not anticipated that any further zones will be created.
Tax laws and practise are constantly being revised and, whilst every effort is made to ensure that the information in this tax newsletter is accurate and timely, no decision should be taken on the basis of the information herein without first consulting with KPMG Polska.
Should you have any questions in relation to the above issues, please contact:
Oliver Sinton KPMG Polska LIM Center - Marriott Hotel - IX floor Al. Jerozolimskie 65/79 00-697 Warsaw, Poland Tel: +48 (22) 630 7236 Fax: +48 (22) 630 6355
