13.12.2018

Amendments to CIT act

From January 1, 2019, CIT changes adopted by the Polish parliament at the end of 2018 are coming into force. The most important of them include: setting out new rules - less favorable for taxpayers – of qualifying tax-deductible costs related to exploitation of company passenger cars as well as establishing a new catalogue of costs not to be considered as tax-deductible.

In addition, the change consisting in replacing the 15% CIT rate with a 9% rate for small taxpayers and taxpayers starting a business (the starting business does not have to be a small taxpayer) is of particular importance. The 9% tax rate will be applicable to revenues (income) other than capital gains.