Polish gov't approves bill on revenue tax on large corporations
Poland's government approved a bill on Wednesday envisaging tax to be imposed on big companies that pay little or no Corporate Income Tax (CIT).
The tax is to be paid from 0.4% of revenues plus 10% of select spending, such as that on intangible assets and royalties.
The government expects PLN 2 billion (EUR 443 million) in annual receipts from the revenue tax on large, mainly international, corporations, Prime Minister Mateusz Morawiecki told a press conference after the government meeting.
The measure is also aimed at improving the competitiveness of small businesses, he added, Morawiecki said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.