The Polish Ministry of Finance announced on May 5 various tax plans, including enhanced research and development incentives, in connection with an effort to rebuild the economy.
Poland currently offers an R&D tax incentive, as well as an additional tax deduction for certain costs related to robotics. Poland also has intellectual property (IP) box regime that lowers the effective income tax rate up to five percent for certain income derived in connection with intellectual property.
While the new plan does not set out specific proposals regarding how it would enhance these incentives, it states that it will create incentives for the creation of new technologies on the Vistula River and for the implementation of new products. It adds that it will support modernizing production and investing in workers’ skills.
The plan states that the R&D relief will work together with the IP box regime. In addition, the tax relief related to robotics will enable expanded production, while relief related to hiring innovative employees will make it easier for companies to hire specialists in Poland.
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