Poland plans incentives for investors: report

The Polish government readies more than 20 tax and regulatory changes and simplifications to help attract capital to Poland and support the development and foreign expansion of domestic businesses, “Dziennik Gazeta Prawna” daily (DGP) reported on Wednesday.

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The new strategy, which is planned to be announced in late September or early October, will be based on four pillars, according to the newspaper.

The first one is a special programme for Poles with assets or hidden income abroad protecting them against investigation from tax authorities, provided that they invest the repatriated money within a year, “DGP” wrote.

The second one, aimed for strategic investors, will offer “VIP passports” in the form of simplified procedures and tax incentives for the largest companies which declare to invest at least PLN 1 bln (EUR 225 mln) in Poland or to create at least 1,000 jobs.

Two other pillars include the so-called Estonian CIT, or tax exemptions for companies reinvesting their profits and tax incentives for businesses investing in automation, according to the daily.

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