Poland

Poland

Poland adopted new law on the promotion of investments

10 May 2018

As an implementation of the Strategy on the Responsible Development of Poland, a new law on the promotion of investments has been adopted by the Parliament and signed by the President. Its main goal is to substitute the existing incentive schemes available in SEZs and extend it over the territory of the entire country. An income tax exemption shall be available for a period between 10 to 15 years for greenfield projects as well as brownfield projects aimed at increasing production capacities, production diversification or substantial change in the production processes. The length and extent of the exception will depend on several quantitative and qualitative factors correlating with the Strategy on the Responsible Development of Poland, including job creation, expenditures, creating linkages with universities and research institutes, R&D involvement, investing in medium cities and regions with higher unemployment rate, staff training and specialization, SMEs and investing in promoted sectors (aviation, shipbuilding, biotech, pharma, electrics, machinery production, chemicals, furniture industry, food processing, IT and medical equipment and transport means production).