Poland mulls changes to local taxes
January 31, 2014
The Polish government considers expanding the scope of the 2% stamp duty collected by local authorities, the daily Rzeczpospolita writes of a bill under preparation at the Administration and Digitalization Ministry.
Considerable changes in local taxes should raise local tax receipts by several hundred million zloty, although the authors of the legislation say exact amounts are hard to calculate.
Among the planned changes, stamp duty is to be levied on revolving loans between entrepreneurs. Small and mid-sized firms will thus suffer from higher costs but the issue, so far a source of disputes with the revenue office, will at least be clarified, experts say.
The stamp duty is also to cover contracts changing ownership shares in commonly held property.
An important element of the new law will be abolishing a break in inheritance tax for people who acquire a farm. That alone should boost local governments' budgets by around PLN 322 million a year.