Amendments Of CIT And PIT Acts In Poland

On 5 September 2016, the lower chamber of the Polish parliament (Sejm) accepted changes made by the Senate to the Act amending PIT and CIT. The Amendment Act has been sent to the President for signing.

The new law and most of the attendant amendments will come into force on 1 January 2017, although the Act also mentions a range of transitional provisions.

The key changes include the following:

1. A reduction of the CIT rate from 19 to 15 percent for small taxpayers earning sales revenues (inclusive of VAT) of the equivalent of EUR 1.2m or less and for taxpayers launching new businesses for their first tax year. This change does not apply to payers of personal income tax, including sole proprietors.