Economy Minister promises tax, employment incentives for small businesses

Economy Minister Jacek Piechota has announced a package of 40 modified and new regulations designed to improve the operation of small companies. Under the plan, small businesses will be entitled to such concessions as income tax exemption for the first year of their operation, and a reduction in the period before their debts to the State are written off. Firms will be able to renew employment contracts repeatedly, and to dismiss employees who are absent for more than one month, even if they are sick. Minimum pay is to be adjusted according to unemployment levels in a region. (Rzeczpospolita, p. 1) M.T.