ANNOUNCEMENT 15 Jun 2018

In June 2018, the Polish authorities introduced an investment promotion law providing tax exemptions to companies carrying out certain projects in Poland.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The United Nations, UNCTAD, Investment Policy Monitor Hub, Poland adopted new law on the promotion of investments: http://investmentpolicyhub.unctad.org/IPM/MeasureDetails?id=3244&rgn=&grp=&t=&s=&pg=3&c=&dt=&df=&isSearch=false
Government of Poland, ISAP – Internetowy System Aktów Prawnych, Dz.U. 2018 poz. 1162, Ustawa z dnia 10 maja 2018 r. o wspieraniu nowych inwestycji: http://prawo.sejm.gov.pl/isap.nsf/DocDetails.xsp?id=WDU20180001162
ołtysiński Kawecki & Szlęzak, As of 30 June 2018 the entire area of Poland is an economic zone!, 2 July 2018: https://skslegal.pl/en/publikacje/juz-od-30-czerwca-2018-r-cala-polska-jest-strefa-ekonomiczna/

Inception date: 30 Jun 2018 | Removal date: open ended

Tax or social insurance relief

On 15 June 2018, the Polish authorities issued a new investment promotion law providing income tax exemption to certain investment projects. Tax exemptions range between five and ten years for greenfield projects and brownfield projects aiming at increasing production capacities, diversifying production or substantially changing production processes.

The duration of the tax exemption depends on a number of factors including the creation of jobs, project expenditures, R&D involvement, location, SME involvement and investments in promoted sectors. According to UNCTAD's investment monitor, promoted sectors cover "aviation, shipbuilding, biotech, pharma, electrics, machinery production, chemicals, furniture industry, food processing, IT and medical equipment and transport means production". The law entered into force on 30 June 2018.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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