After one-year absence, tax write-off for investments set to make their return

A Finance Ministry draft of amendments to personal income tax laws provides for the restoration of a tax write-off for investments spending, claims Prawo i Gospodarka quoting unofficial sources. The tax break would only apply to those entrepreneurs who create new jobs. The investment write-off was a feature of the personal income tax system until the year 2000. It was meant to encourage investment, but had been used by many big firms to pay lower taxes by writing off investment outlays they would have carried out regardless of the tax break. Now the government, hard-pressed to find ways to create new jobs and limit spiraling unemployment, is looking to bring back the incentive. (Prawo i Gospodarka, p.1) T.J.