In both the tax laws, the tax revenue for the entity which brings contribution in kind to the retained earnings capital of a company is the value of the contribution, and not as before, the nominal value of shares/stocks taken over in exchange for the contribution in kind. This means the end of the tax optimization related to bringing intangible and legal assets or other assets to the retained earnings capital in Poland.
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No possibility to offset cash transactions as tax costs in Poland
In both income tax laws, a ban on offsetting as tax expenses, the cost of the acquisition of goods, services and fixed assets worth more than 15,000 PLN, which were paid for in cash, was introduced. The compensation of mutual obligations is not treated as a payment in cash. This provision applies to transactions allocated into 2017 tax expenses (does not apply to transactions paid in 2017 but allocated into 2016 tax expenses).
...Change in the CIT tax rate from 19% to 15%. Poland 2017
Payers of corporate income tax, whose value of sales revenue, along with the amount of output VAT in the previous fiscal year, did not exceed the equivalent of PLN 1.2 million and taxpayers, starting business will pay income tax at the rate of 15%.
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