Tax customs & excise

Senate work on CIT for limited partnerships

The draft law introducing CIT for limited partnerships is currently being processed in the Senate of the Republic of Poland.

Senators are working on amendments to the act. Among the discussed ideas, the following suggestions appear:

1) extension of vacatio legis – the date of entry into force of the regulations until 2023, thanks to which companies will have sufficient time to adapt to the changes,

2) excluding from CIT taxation of limited partnerships classified as micro, small and medium-sized enterprises according to EU regulations,

3) adopting a solution consisting in the fact that, instead of the limited partnership itself, its foreign partners would be taxed, and the company itself would be obliged to pay tax on the income earned by these partners.

The above amendments will reduce the negative economic effects related to the introduction of CIT for limited partnerships, but will not eliminate them completely.

Source: M. Pogorzewska, Senate wants to postpone changes for companies by two years, November 24, 2020, Rzeczpospolita, Legalis

Author team leader DKP Legal Michał Puk
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