The Ministry of Finance plans to introduce changes to the regulations on the “Minimal Income Tax on Commercial Real Estate” (further: minCIT). These changes have been developed as a result of consultations with the European Commission. Czytaj dalej
please be informed that the most recent version of the tax amendments awaits now only the President’s signature. Hence, it is quite certain now that the new rules will enter into force in a shape there are drafted.
New tax on real estate property from 2018 – read further for main assumptions.
Main assumptions in short:
On October 23, 2017, the Codification Commission of the General Tax Law (KKOPP) drafted and proposed a new Tax Ordinance to replace the current Tax Ordinance of August 29, 1997, which had been amended over 100 times since coming into force 20 years ago.
As the justification suggests, the regulations set out in the draft ordinance are intended to serve two basic purposes:
We would like to draw your attention to the new amendments proposed in the major CIT reform amending act, which is currently undergoing the legislative process in the Polish Parliament (already passed to Senate).