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18-08-2017
ONE-OFF TAX DEPRECIATION AND TAX DEDUCTION OF PREPAYMENTS FOR NEW FIXED ASSETS TO 100.000 PLN YEARLY

Since 12th August  2017, new rules in income tax regulations  have been in force, thanks to which entrepreneurs are entitled to:

1.    make one-off tax depreciation of fixed assets up to 100.000 PLN yearly, provided that:

a)   the fixed assets are classified in group 3-6 and 8 of Polish Fixed Asset Clasification (real estate and transport means are out of the scope);

b)   they are acquired as new factory-made;

c)    they have initial value, individually or in total, at least 10.000 PLN (in case of a few fixed assets, initial value of anyone must exceed 3.500 PLN);

or

2.    deduct prepayments for acquisition of such fixed assets as tax deductible costs, within limit of 100.000 PLN per year.

 

The deductions are limited to 100.000 PLN yearly in total and may apply to fixed assets acquired/prepayments made since 1st January  2017.

 

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Should  you be interested in obtaining further information, or would like to discuss the impact of the above changes please contact:

Rafał Kran tel. + 48 22 322 68 88

or your tax advisor from MDDP.

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