New amendments regarding the corporate income tax and individual income tax acts of Poland have been entered into force on 1st January 2017. In accordance with the new amendments, a 15% reduced corporate income tax rate (previously it was 19% standard rate) is applicable for small taxpayers, which gross sales did not exceed the PLN equivalent of EUR 1,200,000 in the preceding tax year. This preferential tax rate is also available for new taxpayers who have just been opened for business in the first year of operation.
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