The deregulation bill also includes tax changes
The deregulation bill recently presented by the Ministry of Development and Technology envisages changes not only in terms of reducing bureaucracy or making it easier to take the first steps in business, but also in terms of tax law. The proposed changes will affect, among other things, real estate tax, the research and development allowance, provisions on the suspension of the statute of limitations and the right to exemption from the obligation to register sales on cash registers.
Marek Kończak, senior manager at Thedy & Partners, analysed the proposals. He points out that the simplifications envisaged for real estate tax assume that if a notary intermediating in the conclusion of a real estate sale agreement sends an excerpt of the notarial deed to the competent tax authority, an individual will not have to submit a notification within 14 days regarding the creation or expiry of a real estate tax obligation.
The planned changes will also affect the R&D relief. The draft provides for the removal of the requirement to purchase these services exclusively from scientific entities. Entrepreneurs will also be able to deduct the costs of reviewing research apparatus and specialised transport. This change will broaden the catalogue of eligible costs that can be accounted for by entrepreneurs, which will increase tax savings.
The Ministry also wants to introduce significant changes to the Tax Ordinance, which have long been awaited by entrepreneurs. The change is to concern the elimination of the premise of suspending the running of the limitation period in connection with the commencement of proceedings for an offence or fiscal offence. This will put an end to the practice of tax authorities to initiate fiscal penal proceedings at the end of the statute of limitations period solely in order to suspend the running of the limitation period.
The envisaged changes also define the deadline for exempting certain groups of taxpayers and certain activities from the obligation to keep records of sales using cash registers by means of a regulation of the Minister of Finance. This deadline will not be shorter than three years.