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The Warsaw Voice » Business » February 7, 2018
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New tax laws in 2020
February 7, 2018   
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The Polish government will need to rewrite its PIT and CIT tax laws from scratch to be relevant in the modern economy, deputy Finance Minister Pawel Gruza says in an interview.
That rewrite will include a rejigging of the boundaries between earned income and business income. Expect greater progressiveness in rates vis-a-vis what Gruza calls "regressive in some situations" in current rates. The flat rate will hold for business, however, including single-person enterprise. No change to joint filings or child deductions.
Tax rates could come down as EU states have been cutting rates, the Trump tax cut is a "game changer" and the Chinese have introduced new investment incentives. The choice facing Poland may be lower rates versus investment incentives.
The earliest possible implementation date is 2020.
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