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Taxes: CIT on financial subsidy within the scope of anti-crisis shield

Taxes: CIT on financial subsidy within the scope of anti-crisis shield

24.09.2020

| Anna Witosławska

There is a first tax interpretation of the Head of the National Fiscal Information (KIS) concerning a subsidy granted from the resources of the Polish Development Fund. The interpretation issued on 27 July confirms that a received subsidy does not constitute a taxable revenue (reference symbol 0111-KDIB2-1.4010.220.2020.2.PB).

As it is noticed in the letter – a subsidy “is in principle returnable, thus it does not constitute revenue subject to taxing at the moment of receiving it (…) For the purposes of income tax it is treated as a loan which is not to be included in taxable revenues. The payment of money means is thus neutral for the Applicant as regards tax purposes. The tax neutrality means that tax revenue does not arise also because the received loan is interest-free.”



Anna Witosławska

Specialists:

Anna Witosławska

Statutory Auditor Trainee

Anna Witosławska

Contact:

Rondo ONZ 1
00-124 Warsaw