Poland: Reduced depreciation period for buildings and non-building structures
Amendments to the individual (personal) income tax law and the corporate income tax law
Amendments to the individual (personal) income tax law and the corporate income tax law
The Lower House of the Polish Parliament (Sejm) on 17 August 2023 passed amendments to the individual (personal) income tax law and the corporate income tax law that included a reduction of the depreciation period for buildings and non-building structures from 40 to 5 or 10 years respectively, depending on the unemployment rate for the district they are situated. Consequently, it would be possible to apply a depreciation rate of up to 20% annually for 5 years.
Read an August 2023 report prepared by the KPMG member firm in Poland
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