Changes in taxes for companies. The President signed the amendment to the act

President Karol Nawrocki has signed an amendment to the Corporate Income Tax Act, the president's office announced on Thursday. The amendment aims to reduce the bureaucratic burden on enterprises.

The new regulations abolish the requirement for holding companies to submit a declaration of their intention to benefit from CIT exemption from income from the sale of shares.

According to the Ministry of Finance, which prepared the project, the current regulation is excessively restrictive and generates unnecessary bureaucratic burdens, without bringing any benefits to the tax administration.

Pursuant to the applicable regulations within the Polish Holding Company (PSH), the condition for the holding company to benefit from the CIT exemption of income from the paid disposal of shares (shares) in a domestic subsidiary or a foreign subsidiary to an unrelated entity is to submit, at least 5 days before the date of disposal, a declaration of intention to benefit from the exemption.

The Act enters into force on the day following its announcement. (PAP)

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