Poland Lower House Considers Bill to Amend Various Tax Regulations

The Polish lower house of parliament (Sejm) Sept. 8 accepted for consideration Bill No. 1532, to amend various tax regulations. The draft bill includes measures that would: 1) increase to 30,000 Polish zlotys (US$7,821) the individual income tax-free threshold; 2) increase to 120,000 zlotys (US$31,221) the individual income tax upper threshold; 3) provide R&D tax relief for companies; 4) enable VAT joint settlement by multiple taxpayers through the introduction of VAT groups; and 5) shorten the VAT refund period to 15 days. The law would generally enter into force Jan. 1, 2022. [Poland, Sejm, 09/08/21]

Reference:
View Bill No. 1532 ...