Poland has released the thresholds for reduced corporate tax rates, simplified flat-rate tax, and investment incentive deductions for 2024. These thresholds apply to specific schemes and are aimed to benefit small taxpayers.
The main details are:
- Small taxpayers meeting the revenue threshold of PLN 9.218 million in 2023, including VAT, qualify for the reduced corporate tax rate of 9% or the reduced rate under the optional distribution tax regime of 10% on distributed profits in 2024;
- New businesses and small taxpayers can benefit from an investment incentive deduction of PLN 230,000 for 2024 if their fixed assets are asset groups 3 to 8. This, however, does not include passenger cars;
- The revenue threshold for small businesses eligible for the simplified flat-rate tax for 2024 has been set at PLN 9.218 million in 2023.
