Polish gov't approves bill on revenue tax on large corporations

World

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.

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