Do you have a business in Poland? Briefly about taxes in Poland. 18+
Channel: Oruga Group - Corporate Law & Investment Services
Date: 2018-10-15

Oruga Group Business and Investment Law ► https://orugagroup.com/en
Hi everyone,
In today’s video, we are going to talk about tax system in Poland.
Since the early 90s of the 20th century the Polish tax system has been developing gradually. The purpose is to encourage foreign investors to invest in #poland , and as a consequence to create new employment opportunities. To achieve it, Poland’s corporate income #taxrate was reduced from 40% to 19% and relatively low labour costs within EU countries with quite high level of living. There are only 5 countries of lower expenditures than Poland on labour matters among EU countries, according to our Ministry of Finance.

The valorisation of tax thresholds in PIT, the tax-free amount and costs of revenue costs were
reintroduced in 2007. Since 2009 there has been a new tax scale with two tax rates 18% and 32%, one tax threshold of the amount of 85.528 PLN and the amount decreasing the tax – 556,06 PLN. The reform of the tax system was determined adaptation of the Polish law to the law of the European Union. As a consequence the Polish tax law was harmonized and coordinated in some parts with the EU tax law.
In Poland, like in other countries of the European Union or OECD, different tax exemptions are applied. However, there is a tendency to reduce them. On the other hand all #tax liabilities should be decreased. The tax system has become clearer and more simplified. Furthermore, the collection of taxes is simplified for taxpayers.

The tax legislation consists of:

• The Constitution of the Republic of Poland;
• Acts referring to personal income tax, the corporate income tax, goods and services tax (VAT) and other taxes with executive acts;
• Tax Ordinance Act of 1997 with amendments .

The Polish tax system consists of the following taxes:

1. direct:
• personal income tax - PIT,
• corporate income tax - CIT,
• tonnage tax,
• inheritance and donation tax,
• tax on civil law transactions,
• agricultural tax,
• forest tax,
• real property tax,
• transport vehicles tax,
• tax on extraction of certain minerals.

2. indirect:
• VAT,
• excise duty,
• gambling tax.

Specific tax rates and exemptions will be discussed in next videos.
That’s all for today. If have any questions, call us or email us from down below. See you soon.

#investmentinpoland #businessinpoland #taxsystem 

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ORUGA GROUP is a law firm and expert of foreign investments in Poland. We provide complex legal services of company registration in Poland and other EU countries.
Our main activities are practicing corporate law, providing investment services, offering legal advisory to investment in Europe.

Oruga Group Provides:
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On our channel "Oruga Group - Corporate Law & Investment Services", you will get to know about: investments in Poland, where to invest your money, how to start a company in EU, alternative properties in Poland and some ideas about starting a business.