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Polish Government Adopts SEZ Plan

by Ulrika Lomas, Tax-News.com, Brussels

21 February 2018


The Polish Government has approved plans to effectively extend the scope of Poland's Special Economic Zones (SEZ) regime nationwide.

Currently, Poland's SEZs, of which there are 14, provide companies which successfully apply for an SEZ permit a partial exemption from corporate income tax, depending on the size of the investment or the number of jobs created. In addition, SEZ companies may also take advantage of exemption from real estate tax. These incentives are set to expire in 2026.

Under the overhaul of the SEZ permit system, a company would be able to apply for similar tax exemptions irrespective of the location of their investment in Poland.

However, the qualifying criteria would be more comprehensive under the new law, with company size, the location of the investment, the type of investment, the local unemployment rate, and the quality of the new jobs created, among other factors, to be taken into consideration.

It is expected that the legislative process for the new SEZ regime will be completed in the first quarter of 2018, with the first companies able to apply for the tax concessions in the second quarter.

Permits issued prior to the new law becoming effective would remain valid until 2026.

TAGS: tax | investment | tax incentives | law | corporation tax | unemployment | Poland

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