With barely heard opposition 23 October. The Polish Parliament passed the Act on the amendment of the Personal Income Tax Act, the Corporate Income Tax Act, the Act – Tax Ordinance and certain other acts (print no. 2860) and government draft Solidarity Fund for Disabled Persons Act (print no. 2848). 26 October. changes in records Tax Ordinance approved the Senate without any amendments.
The main objectives of these laws are to simplify tax law and raise additional funds to finance the needs of people with disabilities. Włodzimierz Nykiel of the PO criticized the laws for "low language quality" and directly opposed to the objective – complicating tax law.
Mirosław Pampuch, of Modern Poland, criticized, among others, provisions on reporting on tax schemes, which undermine the credibility of tax advisors. The public consultation also indicated significant shortcomings in the changes made.
However, the voices of opposition, among others, to the Union of Entrepreneurs and Employers (ZPP) or Employers of the Republic of Poland, remained unemotional, while the media noise surrounding the introduction 12 November.
An additional day off from work, he made public opinion, and even the interested themselves, miss an important moment of the real tax revolution.
What will change when the laws are signed by the President of Poland?
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Exit tax is introduced according to which income from unrealised profits would be taxed. Critics of the introduction of the tax indicate that it will cause foreign capital to flow from Poland. The government introduced a solution as a response to the provisions of the ATAD Directive, tightening the minimum requirements imposed by the EU Community. The tax was also subject to natural persons not engaged in economic activities.
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A linear tax for the income of individuals is being abolished. Under the Solidarity Fund Act, the Disabled Persons Support Fund is introduced third tax threshold — at income above 1,000,000 PLN the annual rate will be no longer 19%, a 23%.
The Fund for people with disabilities will be financed, among other things, by entrepreneurs with such high incomes, but the amount of the contribution is not given in the Act – it is to be determined on an ongoing basis in the Budget Act.
"In fact, the Polish legislator, under the pretext of creating the Fund (which is largely in line with the already existing PFRON), decided to increase non-wage labour costs (even worse, not fixed in the Act), as well as liquidating the linear business tax and introducing the tax scale third threshold of one million “We read on the ZPP website.
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Transfer pricing rules will change. The data collected by reporting is to be automatically analysed. Tax Ordinance reduce the documentation obligations and extend the time limits for their implementation, from three months to nine after the end of the tax year.
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New rules on taxation of virtual currency income. Revenue will be eligible as income from cash or capital gains. Any loss incurred will not be deducted from the taxpayer's other income, e.g. from the sale of shares or from the business.