Wednesday , November 25 2020

Limited partnerships will pay CIT. MPs voted against the law



232 MPs voted in favor of imposing a CIT tax on limited partnerships, 215 opposed and one abstained. This means that the bill will now go to Parliament.

The law came from the finance department. It amends many other legal acts. These include the Laws on & nbspPIT, CIT, flat rate income tax on certain income earned by natural persons and many others.

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See: Limited partnerships covered by CIT. An eloquent comment from an expert

– Surprisingly the project appeared to be from & nbspkapeliusza. The introduction of the Estonian CIT or other taxes has been announced out loud, and the government is quietly introducing revolutionary changes for companies – Grzegorz Szysz, partner and tax adviser, Grant Thornton commented at & nbspmoney.pl in an interview with & nbspmoney.pl.

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The law passed by the majority governing provides that limited partnerships will be subject to CIT. According to Szysz, this change will affect up to 40 thousand. entities operating in & nbspPoland.

– Emphasized mainly family businesses, which have deviated from individual economic activities and operated through limited partnerships – & nbsp, Szysz.

Interestingly, the planned changes were also criticized by a SME spokesperson. “The proposed solutions, aimed at including limited partnerships within the subjective scope of the Act on & nbspCIT, should be assessed as disruptive, and the impact may be to introduce double taxation for these companies , similar to, for example, in limited liability companies “- the spokesman wrote to the finance minister.

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The changes, besides granting income taxpayer status to a limited partnership and extending the scope of the transaction’s estimated value, also provide for, among others, the revenue limit from the current tax year that allows use of the transaction & nbspreduced 9 & nbspproc. The CIT rate is raised from & nbsp1,2 to 2 & nbspmln euros.

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Source:

PAP


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