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June 15, 2021
Poland announces plans to propose broad incentives for investors
On 14 June, the Polish Government announced that it plans to introduce a set of broad changes to the tax laws. Certain changes are aimed at attracting new investors and supporting the economy in a post-COVID-19 environment.
The proposed amendments relate to areas which have been expected by investors and would have a positive impact on the attractiveness and predictability of long-term investments in Poland. The draft law has not been published yet and detailed assessment should be made after the proposed regulations are announced to the public.
These changes are outlined below.
Among other changes the discussed proposals include:
Additionally, among the prospective incentives, the Government also proposes:
The above changes are expected to increase the attractiveness of Poland for investors.. However, since the information released to date is only a high-level description of the proposed changes, further assessment should follow after draft regulations are issued which is expected later this year.
For additional information with respect to this Alert, please contact the following:
EY Doradztwo Podatkowe Krupa sp.k., Warsaw
EY Doradztwo Podatkowe Krupa sp.k., Wroclaw
Ernst & Young LLP (United States), Polish Tax Desk, New York