Starting and running a business in Poland comes with specific accounting and tax obligations. Understanding local regulations is a crucial step toward operating your company legally and efficiently. This guide […]
CIT in Poland for Limited Liability Companies, Including Those Managed by Foreigners
Corporate income tax (CIT) in Poland is one of the key tax obligations for capital companies, including limited liability companies (sp. z o.o.). It is especially important for entrepreneurs, both […]
Why is it worth to set up a company in Poland?
Poland is the country located in the heart of Europe. The business climate, as well as the economic competitiveness, have been improving over the years and now the country has a successful economy and a large internal market (38 million citizens). It is worth noting that Poland has one of the lowest CIT rates in the European Union. What’s more it offers access to the skilled labor force as well as attractive conditions for doing business.
Benefits for investors
Corporate income tax in only 9% in Poland, which is really attractive to the entrepreneurs. This applies to the companies with revenue up to 1.2 million euros. The rate also includes entities in their first year of operation. In fact, 9% tax rate can apply to the entities with revenue higher than 1.2 million euros, with the more complicated corporate structure build on the limited partnership. It is also worth mentioning that companies are not obligated to pay divided tax. The taxation is on the receiver. Fiscal obligations do not distinguish between local firms and those owned by foreign persons, however international taxpayers can benefit from tax reliefs should they be subject to double taxation treaties (signed with more than 80 countries). There are also other fiscal reliefs for companies conducting ex. research activity.
Why you should register your company in Poland?
Looking for a good place for your business in UE?
🇵🇱 Pay attention to Poland, which offers many opportunities for setting up new businesses. One of the lowest corporate income tax rates, well-developed banking system and large market for the products. If you’re interested in hearing some more, see my newest episode. All you need to know in just 3 minutes!
