Poland President Signs Various Tax Laws

The Polish President’s Office Dec. 15 announced the same date signing of laws amending the Act on the Tax on the Extraction of Certain Minerals, the VAT Act, the Personal Income Tax Act, and the Corporate Income Tax Act. The laws include measures: 1) modifying the tax rate formulas for copper and silver for 2026-2028; 2) introducing a 40 percent deduction for eligible mining investments with a 15-year carryforward period; 3) clarifying that specified mineral extraction expenses aren’t subject to existing deduction limits, and adding new reporting requirements; 4) allowing VAT payers with outstanding VAT on imports to file amended ...