The parliament almost unanimously advocated lowering from 19% to 15% CIT for small taxpayers, which assumes a government-prepared amendment to the Personal and Corporate Tax Act.
In favour of the bill 439 Members, nobody was against, abstained third Members.
The reduced rate is to include companies - CIT payers whose sales revenue (including the amount of tax due on goods and services) did not exceed 1,200,000 EUR A year.
Deputy Finance Minister Leszek Skiba reminded in the course of legislative work in the Sejm that small taxpayers whose income does not exceed 1,200,000 EUR per year, in Poland 393,000
The fiscal effect of the Act, i.e. the reduction in budget revenue, is estimated at approx. 270,000,000 PLN. At the same time, the Act includes changes to the "sealing" tax collection which, according to the MF, have to compensate for this budgetary loss.
According to the government, in the long term the novel should help accelerate the pace of Poland's economic development and create favourable conditions to increase the entrepreneurship of Poles, especially young and well-educated.
The Act contains provisions that will prevent entrepreneurs from benefiting from the preferential tax rate who, for example, will divide the company only to benefit from the reduced CIT rate. The solution will also apply to start-ups. Tax groups will not be subject to the preferential tax rate.
In addition, amendments have been provided to clarify the current rules so as to eliminate interpretation doubts that may result in tax avoidance for certain incomes.
A provision has been proposed which provides for a restriction on the application of the preferential rules on taxation of share exchange transactions laid down in the Act. According to the Act, these principles do not apply in cases where the principal or one the main objectives of the exchange of shares are to avoid or waive taxation.