The government has proposed a number of changes to income tax rates, capital group taxation and investment relief.
1) Personal Income Tax
The government has suggested that the personal income tax rates be reduced to 20%, 31% and 43%. The government has accepted the Finance Minister's suggestion to abandon certain tax reliefs, including the purchase of treasury bonds and donations for the benefit of natural persons.
2) Capital Groups
Due to the complete absence of registrations of capital groups, some loosening of restrictions has been proposed. These include not having to reinvest 50% of after tax income, not having to individually account for the entire period of the groups existence where capital group status was lost, and a relaxing of the requirement for the dominant company to hold 100% of subordinate companies' capital. However, various Sejm Committees have responded negatively to these proposals.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
