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ARTICLE · 11 MARCH 2016

Planned Amendments Of CIT And PIT Acts In Poland

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The Minister of Finance presented a draft bill amending the CIT and PIT Acts on 25 February 2016. The bill is now in the evaluation stage.

PolandTax

The Minister of Finance presented a draft bill amending the CIT and PIT Acts on 25 February 2016. The bill is now in the evaluation stage.

A range of changes are proposed in the bill, including 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.

2. A non-exhaustive list is to be added to the CIT Act of cases when a non-resident's income (revenue) shall be deemed earned "in the territory of the Republic of Poland". The bill lists the following as income/revenue achieved by non-residents in Poland:

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