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Polish government adopts bill to cut corporate tax

The Polish government has adopted a bill to cut corporate income tax for small businesses from 19 percent to 15 percent, Prime Minister Beata Szydło has announced.

Szydło said she hoped the changes would come into force on 1 January.

“This is a solution which is to give small-business owners the opportunity to develop, to build up their capital, to strengthen the position of their companies,” she added.

“I hope that parliament will adopt this bill quickly so that it can take effect from 1 January 2017.”

Szydło underlined that cutting corporate income tax was a move promised by her Law and Justice (PiS) party in the run-up to Poland’s general election last October.

Law and Justice came to power in a landslide victory in the ballot.

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