Poland President Signs Laws Amending Individual Income Tax Act

The Polish President’s Office Dec. 18 announced the same date signing of Bill Nos. 1835 and 1838, amending the Individual Income Tax Act. The laws include measures: 1) allowing individuals to deduct acquisition costs not previously included in costs for securities written off without consideration, if based on a decision issued by the Bank Guarantee Fund (BFG) after Dec. 31; 2) applying the deduction to costs incurred in the tax year in which the cancellation occurs, even if no income subject to the 19 percent tax rate was earned, if considered in determining income from the sale of securities for ...