Taxand Poland delivers an analysis of the proposal of new tax reliefs for R&D.
As it was announced in the beginning of the year, the Government has prepared a draft of tax legislation that would introduce new tax reliefs for innovative activities. The draft law amending some acts defining terms of conducting innovative activities include, among others, proposals of changes in tax reliefs for R&D on the ground of PIT and CIT Law.
According to the draft law which is currently under the procedure of assessment, the scope of rights that entitle to apply the relief for R&D will be significantly extended. First of all, the Government proposes to increase the value of the deduction of costs up to 50% for micro, small and medium-sized enterprises referring to all eligible costs.
For other taxpayers, the Government proposes to increase the value of the deduction up to 50% of payroll costs and up to 30% with reference to other costs (currently it is allowed to deduct up to 30% payroll costs and up to 20% / 10% of other cost – depending on the size of a taxpayer).
Discover more: Taxand Poland Flash – March 2016
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