Poland

  • President Andrzej Duda signed the law on tax changes provided for in the Polish Deal

    On November 15th, the Polish President approved immense amendments to the tax law, significantly affecting tax position of foreign investors, domestic companies and individuals.

  • Significant changes to taxation affecting companies and individuals under the Polish New Deal

    On 8 September, the Polish Government referred to the Parliament (Parliamentary document No 1532) a proposal for extensive changes concerning, among other things, tax law, and affecting the tax situation of both foreign investors and domestic businesses, and individuals. It has been announced that the relevant legislative acts will be adopted by the end of September.

  • The government has announced new support programme for entrepreneurs: up to PLN 30 billion will be granted during the second quarter of 2021

    The government has announced the allocation of an additional PLN 30 billion to continue support for entrepreneurs under the new anti-crisis programme in the second quarter of 2021. In April alone, the amounts paid out to entrepreneurs will total PLN 7 billion - by comparison, in March the sum of support amounted to PLN 3 billion. According to the government's announcements, the measures will mainly focus on maintaining jobs, but the new programme is also to be a background of the spring economic rebound that will follow the third wave of the pandemic.

  • Poland approves changes in public procurement 2021

    On January 1, 2021, a new law on public procurement, adopted by the Polish Parliament on September 11, 2019, entered into force, (Journal of Laws of 2019, item 2019) . The new regulation aims to organize the public procurement system and further harmonize it with EU law.

  • Poland: New obligatory report concerning fulfilment of tax strategy by the end of 2021

    The provisions of the CIT Act, which came into force on 1 January 2021, oblige taxpayers with revenues exceeding EUR 50 million and tax capital groups, to prepare and publicly announce a tax strategy report.

  • A milestone for green deal in Poland: Act on the promotion of offshore wind farms is now signed

    On January 21, 2021, the President of the Republic of Poland signed the Act on the Promotion of Electricity Generation in Offshore Wind Farms (Offshore Act), which is expected to give momentum to the Polish renewable energy industry and form part of Poland's energy security system.

  • Poland: Changes in corporate income tax (CIT) for 2021

    The Finance Ministry has published a bill of amendment to the laws governing corporate income tax (bill of September 15, 2020). The bill states that corporate income tax will start being levied on limited partnerships, and places new obligations on the so-called “real estate” companies (spółki nieruchomościowe). Another new piece of legislation places large taxpayers under obligation to publish reports on compliance with their tax strategy.

  • Shield 4.0 as the last part of the economic protection system during a pandemic

    On May 20, 2020, the Polish government adopted the fourth and final package of anti-crisis solutions known as "Shield 4.0".

  • The Financial Shield of the Polish Development Fund (PFR) for micro, small and medium-sized enterprises is already operational

    The Financial Shield of the Polish Development Fund (PFR) is a solution aimed at supporting enterprises that have suffered losses as a result of the coronavirus epidemic.

  • Anticrisis Shield 2.0 and the public procurement

    On 17 April 2020, new amendments to the Act on special arrangements for preventing, counter-acting and combating COVID-19 introducing the solutions of the Anti-Crisis Shield were published. What solutions were proposed for the area of public procurement?