Date 1 January 2019 The provisions on Innovation Box (IP BOX) have entered into force, which aim primarily to increase the attractiveness of carrying out certain economic activities in Poland, including in particular IT activities.
The reduction introduced in many cases gives the possibility to benefit from preferential income taxation at the rate 5% instead of, so far, e.g. at stake 19%.
Tax payers who earn income from:
- - fees or charges resulting from the licensing agreement,
- - the sale of qualified intellectual property rights,
- - the eligible intellectual property right included in the sales price of the product or service.
The condition for using IP Box is to carry out activities directly related to the creation, development or improvement of intellectual property rights, such as computer software. Importantly, the application of this preference does not preclude the simultaneous use of the previously existing R & D relief.
If you would like to learn more about the use of preferential tax rates in your business, please contact us. We offer you a team of our specialists who will advise you how to benefit from the existing preferences for companies from your industry.