Amendment to CIT adopted by the Sejm
At its last session, the Sejm adopted an amendment to the Corporate Income Tax Act and other acts.
Many of the solutions contained in this amendment make the current regulations more precise. Among the planned modifications are:
– modification and postponement of the entry into force of the provisions on minimum income tax (suspension for 2022-2023)
– repeal of the provisions on so-called hidden dividends,
– modification of the provisions on the documentation obligation for so-called indirect haven transactions,
– amendment of the provisions concerning the Polish holding company (PSH),
– making the construction of the statement excluding the obligation to apply the pay & refund mechanism more flexible,
– amendment of the rules on the taxation of flipped income,
– relaxation of provisions on accounting for debt financing costs in tax costs,
– elimination of the obligation to file an annex when using the “bad debt relief”,
– improvement of the regulations on the provisions on taxation of lump-sum tax on corporate income (the so-called “Estonian CIT”),
– amendment of the provision on the time limit for the payment of contributions for income from the employment relationship and equalised, in the part financed by the payer, contributions to the Labour Fund, the Solidarity Fund and the Guaranteed Employee Benefits Fund.