Changes to the Polish Deal: Enterprise Council talks with the Ministry of Finance and the Polish Development Fund
ABSL acts as an advocate for transparent and fair legislation as a foundation for both business growth and investment inflow.
The Enterprise Council has met with the Vice Minister of Finance – Artur Soboń, Paweł Borys (PFR) and Jarosław Szatański to discuss the changes to the Polish Deal announced yesterday.
"We consider the revision of the principles in the Polish Deal as a step in the right direction since we were calling for these steps to be taken even before the legislation came into force. However, before we can regard this move as a success, we must wait for the final version not only of this law, but also of the announced changes in the corporate income tax regime. In the current situation, entrepreneurs’ appeals for tax stability and transparency are even more justified, ” says Wioletta Bobryk, Legal & Compliance Director, ABSL.
The discussed changes will include:
- reduction in the PIT rate from 17 percent to 12 percent,
- elimination of the middle-class relief scheme,
- tax-free amount of the first PLN 30 000 of income and the tax threshold of PLN 120 000 will remain unchanged.
For entrepreneurs settling off the scale:
- reduction of income tax (for flat taxpayers) through health insurance contributions paid on the account of persons cooperating with the company, up to PLN 8 700 of these contributions,
- reduction of income tax (flat-rate taxpayers) by offsetting 50% of health insurance premiums paid against income tax,
- reduced income tax (for flat-rate taxpayers) by offsetting 50% of the health insurance premiums paid for business activity subject to the flat-rate tax and for persons cooperating with the taxpayer, against income tax,
- reduction of tax paid in the form of a tax card by offsetting 19% of the health insurance premiums paid against income tax,
- reduction of tax paid by offsetting 19% of health insurance premiums paid in connection with activity subject to the tax card against income tax.