Income tax in Polish Deal needs to be changed: FPP
18:45
The government has presented a draft of changes in tax regulations that would correct the solutions of the Polish Deal – primarily through the introduction of a 12% PIT rate in the first bracket of the tax scale and the introduction of a partial possibility of deducting health contributions for persons conducting business activity taxed under the flat or lump-sum tax. These are changes going in the right direction, however, corrections in other elements of the tax system are also necessary. First of all, as regards CIT, i.e. the tax paid by companies, by legal persons.
"We propose to correct the tax by removing the most questionable element of this mechanism – i.e. income tax – and leaving the elements that are really justified. For example, taxation of the so-called passive payments made by the company – that is, for example, the costs of financing from subsidiaries or making various types of license fees to related entities," Łukasz Kozłowski, chief economist at the Federation of Polish Entrepreneurs (FPP), said.
