Tax customs & excise

Granted subsidy in framework of Anti- crisis shield is a taxable income in PIT and CIT

Director of Tax Information Centre in tax ruling from 30/10/2020 (signature 0115-KDIT3.4011.434.2020.3.AWO) concluded, that the moment, when subsidy is granted is free of taxation. However, the cancellation of part subsidy generates gain, which is taxed by income tax. Entrepreneurs should be aware, that part of subsidy comes back to the state in form of income tax.

Tax authority have not found legal grounds to recognize cancellation of subsidy as exempted revenue from income tax. What is more, tax authority did not agree, that subsidy does not generate revenue.

It is worth mentioning. That not all subsidies are taxed. For instance, micro loan till 5000 zlotys is exempted from income tax basing on COVID Act.

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