Report estimates zl.15.5 billion tax savings for economic zone investors

A report by the Economy Ministry says that by 2017, companies investing in Poland’s Special Economic Zones (SSEs) will have made combined tax savings totalling zl.15.5 billion. During the period, the companies will pay zl.5.5 billion in income tax and zl.72.5 billion in VAT. In total, the State Treasury will generate zl.82 billion from the SSEs in the period, leaving it with net income of zl.66 billion after the tax breaks are factored in. The assistance will be higher for zones where the dominant investors are small companies. The biggest relief, of zl.2.6 billion, will be granted to investors in the Katowice SSE, followed by the Legnica SSE, with zl.2.4 billion. According to the Economy Ministry report, by the end of March 2001, the total value of investment in the country’s SSEs was zl.7.2 billion, almost two thirds of it from foreign sources. (Puls Biznesu, p. 11) P.W.