Kolodko's reforms to PIT and CIT pass through the Sejm unscathed
Finance Minister Grzegorz Kolodko's anti-crisis package has been accepted by
the Sejm's Financial Commission on its first reading with members of
parliament making only a few minor adjustments. The most important change is
to restrict the package to just two bills rather than the proposed three, as
all tax propositions will be included in one Act. Another of the amendments
states that arrears to the Social Insurance Company (ZUS) won't be amortized
if they transpire as a result of breaking financial law. Generally, the
changes did not alter the general nature of Kolodko's restructuring plan, of
which the main points are amendments to the acts on corporate (CIT) and
personal (PIT) income tax. The third act relates to the restructuring of
public receivables from companies. The second reading is planned for August.
It is possible to have a third and final reading during the same session.
(Rzeczpospolita, B1) A.L.
