Another CIT cut under way, from 15 to 9% – PM

Corporate Income Tax will be lowered from the current 15 percent to 9 percent for small and medium enterprises, said PM Mateusz Morawiecki at a convention of the ruling Law and Justice and the Allied Right. “All our social and economic actions are carried out thanks to the higher VAT enforceability ...

Locked content Jeronimo Martins CIT payment up 12.4% y/y in 2017

Jeronimo Martins Polska, the owner of the Biedronka supermarket chain, will pay PLN 460.14 million in CIT tax for 2017, an increase of 12.4 percent y/y, the company stated. On April 6-7 the chain offered its clients over 2,000 products VAT-free. As many as 55 percent of clients took advantage of the...

Locked content CIT amendments could hurt the economy – KNF

According to the Financial Supervision Authority KNF, the changes proposed by the finance ministry to the CIT could be harmful to the country’s economy. Especially affecting in a negative way insurers, brokerages and investment vehicles. “Separating capital gains and other profits and taxing them se...

Locked content President signs bill on reducing CIT to 15%

On Friday, September 23, Polish President Andrzej Duda signed a bill on corporate income tax (CIT) for small firms, which assumes the reduction from 19 percent to 15 percent as of January 1, 2017. The lower CIT rate will be applied to companies with annual turnover of up to €1.2 million (PLN 5.28 mi...

Locked content Poland reduces CIT for small businesses to 15%

“Poland will reduce the corporate income tax for small firms from 19 percent to 15 percent as of January 1, 2017,” the lower house decided unanimously in a Friday morning vote. The lower CIT rate is for companies with annual turnover of up to €1.2 million (PLN 5.28 million). The official...

Locked content PM Szydło: Poland to reduce CIT for small businesses to 15%

“Poland will reduce the corporate income tax (CIT) for small firms from 19 percent to 15 percent as of January 1, 2017,” Prime Minister Beata Szydło, along with deputy Finance Minister Wiesław Janczyk, announced during a press conference. The lower CIT rate is for companies with annual t...

Locked content FinMin to lower CIT for small firms since 2017

The Ministry of Finance has filed a draft bill with the Chancellery of the President stipulating the lowering of the CIT tax rate from the beginning of 2017. The ministry stressed that the law fulfills the commitment made in Prime Minister Beata Szydło’s policy speech. “Under the propose...