New tax relief for the most innovative companies – the proposalTags: Poland Categories: NEWS & Events, RSS
Polish Ministry of Economy proposes a new tax break for most innovative companies. If the proposal passes as early as next year expenses incurred on research and development will be tax-deductible. The proposal of a new tax relief assumes that the company running the research and development can benefit from tax preferences (in filling PIT or CIT).
Ministry of Economy wants the a relief to be in force from the beginning of 2014. It is part of the Enterprise Development Programme until 2020, which is a part of the new European Union budget. With the new tax relief he innovativeness of Polish companies will increase, the experts stated. The project is currently at the stage of inter-ministerial consultations. Today, the companies that choose to invest in research to improve the quality of their products may include expenses incurred as tax deductible costs, but they cannot take advantage of tax relief for the creation of innovative products.