Shield 1.2 (Shield for local governments)
15 April 2020
Very soon another amendment to the act on special support measures due to the COVID-19 pandemic will be subject to legislative works. The latest regulations under the Anti-crisis shield concern the majority of local governments. The proposed changes are to help local governments fight the pandemic, e.g. thanks to the temporary easing of the fiscal policy stance. It should be noted that the costs currently incurred by local governments include increased expense on healthcare, taking care of the...
COVID-19 pandemic and transfer pricing
14 April 2020
The current pandemic has a significant impact on transactions between affiliated entities. Deadlines for taxpayers’ obligations related to submitting declarations of the local file preparation and information on transfer prices remain effective, i.e. they fall on 30 September 2020. Under Art. 31z of the so-called special act, the time limit has been extended until 30 September 2020 for entities beginning their fiscal year after 31 December 2018 and finishing before 31 December 2019.
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COVID-19: Anti-crisis shield 2.0. (Financial shield)
14 April 2020
The Polish government has presented another version of the anti-crisis programme, the so-called Shield 2.0. The aid will be offered to companies ranging from micro-enterprises to large companies, and the total value of the aid amounts to PLN 100 bn (including PLN 25 bn exclusively for large companies). This responds to the call of entrepreneurs claiming that both the Shield 1.0, and Shield 1.1. are insufficient and will not help companies survive over the next 3 months.
Funds for the Shield 2.0...
COVID-19: Anti-crisis shield 1.1.
8 April 2020
This week, the Polish government presented a list of propositions under the Anti-crisis shield, the so-called Shield 1.1. The new shield is to extend the group of business entities entitled to benefit from the exemption from social insurance contributions or instruments allowing to maintain financial liquidity. The estimated value of the proposed solutions is PLN 11bn.
According to the presentation, the draft act includes:
extension of the exemptions from social insurance contributions also...
Anti-crisis shield in connection with COVID-19 – job protection and support for employers
7 April 2020
The President has signed the act amending the act on special solutions related to preventing, counteracting and combating COVID-19, other infectious diseases and related states of emergency and certain other acts, i.e. the so-called anti-crisis shield approved by the Sejm. The main objective of the anti-crisis shield is supporting companies suffering financial loss due to COVID-19 in order to protect work places.
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Anti-crisis shield in connection with COVID-19 – tax solutions
6 April 2020
On 31 March a long-awaited act was announced amending the act on special arrangements related to preventing, counteracting and combating COVID-19, other infectious diseases and resulting states of emergency and certain other acts.
Please find below our selection of crucial regulations regarding tax law.
Property tax
Municipal councils have been granted authority to exempt for part of 2020 certain groups of business entities whose financial liquidity has deteriorated due to adverse effects of...
Summary of Covid-19-related legal amendments
27 March 2020
On 26 March on the website of Polish Sejm a draft act amending the act on special arrangements related to preventing, counteracting and combating COVID-19, other infectious diseases, and resulting states of emergency, and certain other acts was published. The draft act will be considered by the Sejm this week.
The authors of the draft act have provided for comprehensive changes to a number of acts, and introduced a range of options for businesses to benefit from the State aid as well as a...
