MF working on new corporation tax

The Ministry of Finance is working on a new concept for company taxation. It is possible that the changes will come into force in 2020, deputy finance minister Paweł Gruza announced on Tuesday during the European Economic Congress in Katowice. "The works will come out of the conceptual phase soon, they will go into the phase of internal legislative projects with the priority of simplifying the tax system ... It seems that the current law requires complete renewal, it is hard to amend, it is a difficult legislative act," Gruza explained. The minister stressed that this type of act is adopted once every several decades, therefore the priority is "strength and effort put into its quality, not necessarily speed." He admitted that the finance ministry's idea was to include all entrepreneurs in the new law. "There are various solutions that have their advantages and disadvantages. One of these solutions (...) is the application of a single system for business taxation," he added.