Changes in the Polish Order [DRAFT ACT]

On March 24, 2022, a draft amendment to the act on personal income tax and certain other acts was published on the website of the Government Legislation Centre. The provisions in the proposed wording introduce numerous changes to the method of tax settlements of a wide group of taxpayers.

Tax reliefs introduced as part of the Polish Deal

From January 1, 2022, the Polish legislator has provided for a number of investment incentives, the purpose of which is to encourage investments in Poland. The most attractive preferences include: relief for robotization, relief for a prototype and expansion relief.

Polish Order and entrepreneurs

On November 15, President Andrzej Duda signed the Act of October 29, 2021 amending the act on tax on goods and services and certain other acts (hereinafter the "Act"), which is part of the changes introduced under the so-called Polish Order (hereinafter the "Polish Order"). The changes will come into force on January 1, 2022.

Supporting new investments within the so-called Polish Order

The scope of the project also includes issues related to the implementation of new investments within the Polish Investment Zone. The planned changes include both the Act of May 10, 2018. on supporting new investments (Journal of Laws of 2020, item 1752) (hereinafter also referred to as "WNI"), in which numerous changes were introduced, also with a tax dimension, as well as changes directly in tax acts in terms of conditions of use from tax exemption in PSI and SEZ.

Changes in transfer pricing under the "Polish Deal"

Until July 2nd this year. pre-consultations were conducted, within which it was possible to submit comments and opinions on the planned changes.

"Polish Deal" - the main assumptions of the announced changes in taxes

On the 15th of May, 2021, the main assumptions of the so-called "Polish Deal", which is to be a "tax reset" i.e. changes to tax regulations were presented.

"Polish Deal" - main changes in taxes - update

On July 26th, 2021 the draft act on corporate income tax (hereinafter: PIT), the act on personal income tax (hereinafter: CIT) and some other acts under the so-called "Polish Deal", which introduces inter alia the tax reform from 1st January 2022 – was presented.