Schools may soon be liable for Corporate Income Tax

One of the most significant changes is the removal of schools from the list of those entities that do not have to pay the tax. If the Bill is accepted and introduced as planned on January 1, 2004, then schools will be forced to pay the 19% CIT rate. The proposed changes will influence private as well as public schools. "The introduction of taxes means bankruptcy for many schools. We already have to cover investment and renovation expenditures, and we cannot count on help from local governments," stated Henryk Zub, owner of Eurogimnazjum, a company that operates several schools. The amendment will not affect universities and private academies. (Puls Biznesu, pp. 1, 3) A.K.