Poland: Corporate tax law changes effective beginning 2017

Poland: Corporate tax law changes

Tax legislation amending the corporate income tax and individual (personal) income tax laws in Poland generally are effective beginning 1 January 2017.

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Corporate tax law amendments

Among the measures affecting corporate income tax are the following:

  • Changes to the taxation of in-kind contributions, allocated to the share premium
  • A requirement that there be “valid business reasons” to claim the benefits of preferential tax treatment that applies in share-for-share exchange transactions that also includes a corporate merger or de-merger
  • Changes to the withholding tax exemption that applies with respect to payments of interest or royalties, with clarification of the “beneficial owner” status requirement
  • Introduction of a definition of income earned within the territory of Poland for purposes of determining the limited tax liability of non-Polish residents
  • Clarification of the term “cancellation of shares” for the purpose of a de-merger
  • Introduction of a reduced rate—15% instead of 19%—of corporate income tax for “small taxpayers” and for taxpayers for the first year of their business activity 

 

Read a November 2016 report [PDF 333 KB] prepared by the KPMG member firm in Poland: The president has signed the act introducing important amendments to the Corporate Income Tax Act as of 1 January 2017

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