Tax office nailed by Economic Freedom Law to give binding tax interpretations

President Kwaśniewski signed into law the landmark bill on Economic Freedom, with the signing accompanied by a grand ceremony with the presence of Prime Minister Marek Belka, Economy and Labor Minister Jerzy Hausner, who piloted the bill, representatives of Parliament and the business community. "The new regulations are a significant step towards economic freedom and widely open the doors to entrepreneurship," said Kwaśniewski. He emphasized that the changes will make it easier to set up a business, that several permits, which companies needed to obtain, will be abolished and that enterprises will be less bothered by state audits. Another very important change is introduction of the binding interpretation of the law by tax offices - if companies act in accordance with an interpretation issued by a tax office, it will no longer be possible to change this interpretation and fine them. (Gazeta Wyborcza, p. 17) T.J.