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More restrictive taxation on restructuring in CIT and PIT Acts from 2017


08.09.2016

More restrictive taxation on restructuring in CIT and PIT Acts from 2017

On 5 September 2016, the Polish Parliament finished work on a Bill amending the PIT and CIT Acts. At present the Bill is awaiting signature of the Polish President.

The most prominent change is a decrease of the CIT rate to 15% for small taxpayers and those starting business operations (in the tax year in which they begin the operations). The Bill provides for a number of regulations intending to prevent the application of the decreased 15% rate by entities established as a result of restructuring.