Polish PM promises tax help for business


Photo by Kamila Koziol/Shutterstock.com

A scheme to remove corporate income tax from many small- and medium-sized enterprises will cost Poland almost PLN 5 billion (EUR 1.12 bln) in its first phase, Prime Minister Mateusz Morawiecki has said, according to news agencies such as the Polish Press Agency (PAP) and Reuters. 

Polish Prime Minister Mateusz Morawiecki. Photo by Kamila Koziol/Shutterstock.com

Poland is set to introduce the so-called Estonian corporate income tax system, named after its country of origin, in 2021. This will mean that companies with annual revenue of less than PLN 50 million will be exempt from corporate income tax if profits are retained, Morawiecki was quoted as saying on June 17, adding that 97% of Polish companies fall into this bracket.

Morawiecki said he hoped the new rules would come into force in around half a year. The move was announced on the heels of a swathe of measures launched by the government to help businesses and save jobs amid a COVID-19 epidemic.

President Andrzej Duda at the end of March signed into effect a multibillion relief and stimulus package aiming to shore up the economy and shield it from the impact of the coronavirus, the news agencies noted.


Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Reopening drives demand for student work HR

Reopening drives demand for student work

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.