POLAND: NEW TAX RELIEF ON THE COSTS OF R&D ACTIVITIES
In order to benefit from the new tax relief, the expenses incurred by a taxpayer need to fulfill the definition of research or development activities. The mechanism of the tax relief allows the taxpayers to deduct from the tax base a certain percentage of expenses or depreciation write-offs (named as “qualified costs”) connected with research and development activities. The new law provides for the following categories of qualified costs:
- salaries of the employees dealing with R&D activities,
- purchase of materials (including raw materials) for the purposes of R&D activities,
- purchase of the opinions of experts, services of consultants, purchase of results of researches of R&D entities;
- price for using of the R&D equipment.
The amount of the expenses that may be deducted by a taxpayer from the tax base is capped at 30% with regard to salaries of the employees dealing with R&D activities and the remaining expenses are capped at 10% (20% in case of small and medium enterprises).
GLOBAL LEGAL INSIGHTS TO: MERGERS & ACQUISITIONS IN SWEDEN AND NORDIC COUNTRIES 2019
We encourage you to read our publication on The Global Mergers & Acquisitions market in Sweden and Nordic countries in the eighth edition of The Global Legal Insights.read more
PROGRAM POLAND PRIZE
Polski rząd włączył się w walkę o przyciągnięcie zagranicznych talentów technologicznych, proponując program Poland Prize adresowany do start-upów z zagranicznymi korzeniami.read more
POLAND PRIZE PROGRAMME
The government has joined the battle to attract foreign tech talent to Poland, launching a programme called Poland Prize, which is aimed at start-ups with foreign roots.read more
SHORT-TERM LEGAL CONSEQUENCES OF A 'NO-DEAL' BREXIT
Judged on the current political situation in the UK, where the parliament is split between various Brexit models and apparently unable to form a political majority for one specific ‘soft’ Brexit model as well as on the announcements from the EU that the EU is not willing to renegotiate the draft Brexit deal, which was turned down by the Houses of Parliament, the likelihood of a hard Brexit has become higher than ever.read more