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The Warsaw Voice » Law » October 2, 2017
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Business-friendly changes in law
October 2, 2017   
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The Polish government is preparing a third package of business-friendly changes in tax and commercial law, particularly favorable for SME, according to a document seen by the daily Puls Biznesu.
The amendments are expected to create nearly PLN 4 billion in annual savings for Polish entrepreneurs, according to the Development Ministry, which coordinates the effort.
The most revolutionary change would allow entrepreneurs to treat salaries and social insurance premiums paid for family members employed in the firm as tax-deductible costs, the daily writes.
The cost to the state budget is estimated at PLN 350 million in the first year, but higher PIT receipts are expected to compensate for that loss. The government also wants to raise the annual turnover threshold defining "small taxpayers" to EUR 2 million. Other proposals include tax breaks for creditors who don't recover their money within 120 days from debt expiry, and a one-off settlement of tax loss of up to PLN 5 million.
The draft is in consultation and should come into effect as of 2018.
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