The Ministry of Science and Higher Education has presented a draft of a bill, which is to contribute to the establishment of an innovation-friendly tax system. The document includes many changes in law favourable for entrepreneurs.
The draft includes a. o. the liquidation of income tax on apportionment in intellectual and industrial ownership, increase of the maximum tax deduction of qualified costs to 50% for micro-entrepreneurs and SMEs and to 50% for personal costs and 30% for other costs form other entrepreneurs, as well a broader catalog of qualified costs, including patent costs.
Moreover, the draft includes prolonged – from 3 to 6 years – period when entrepreneurs can deduct the costs of R&D or receive a cash return for new companies. This is favourable for innovative entrepreneurs, the results of which are only evident after some time. Another mechanism is an increased spending relief for taxpayers who continuously increase the spending on R&D.
These changes could contribute to a considerable improvement of the condition of companies who invest in innovation and, in turn, make Polish entrepreneurship more dynamic. Therefore, Employers of Poland assess the draft positively and hope it will be passed quickly, At the same time, one cannot forget that such an amendment should be accompanied by changes ensuring the cohesion of the tax system and legal certainty, as the lack of the aforementioned factors is the biggest obstacles in conducting economic activity in Poland.
Łukasz Czucharski, Tax Committee of Employers of Poland