The Polish Deal is already in the Parliament
A large amendment to the tax legislation planned under the Polish Deal programme has been submitted to the Parliament, following approval by the Council of Ministers. The amendment has been assigned print no. 1532.
Let us remind that the Polish Deal will introduce modifications to many tax acts. The changes will cover income tax, including lump-sum tax, VAT, Tax Ordinance and regulations on National Fiscal Administration. Experts from Thedy & Partners have been informing about the planned changes, as well as the institutions which have not yet been introduced into the Polish system, since spring, when the first announcements and ideas for a revolution in the tax system appeared. You can read about the details on our website: thedy.pl as well as on our LinD profile.
Let us just remind you that the Polish Deal means significant changes, e.g. in the PIT scale, deduction of health contributions, tax allowances. There will be new taxes, such as the tax on the largest corporations. Among the new institutions one should mention the investment agreement or the option to create VAT groups. There will also be changes in transfer pricing regulations, Estonian CIT or in the area of rental taxation. There will also be new reliefs, e.g. for robotisation or supporting the most talented employees.
In order for the tax changes, especially the negative ones in the area of income taxes, to take effect – as it is mostly assumed in the draft – from 1 January 2022, they must be published in the Journal of Laws by 30 November 2021. The Parliament therefore needs to significantly accelerate its work in this area.
If you are interested in any of the solutions contained in the Polish Deal and would like to learn more about their detailed consequences for your company, we invite you to contact Thedy & Partners.