The IPO relief is a mechanism introduced by the provisions of the Polish Deal to support the development of the capital market.
Relief for CIT payers
The tax relief allows expenses incurred in connection with an IPO to be deducted from the tax base.
Eligible expenses
The tax relief will allow the deduction of:
- 150% of the expenses for the prospectus, notary fees, court fees, stamp duty, stock exchange fees and the preparation of announcements required by law.
- 50% of the expenses (excluding VAT) on legal, tax and financial advisory services, but no more than PLN 50,000.
The deduction is to be made in the tax year in which the taxpayer listed its shares on a stock exchange or in an alternative trading system. The deduction involves expenses incurred in the year of listing and in the year preceding.
Tax relief for PIT payers
The tax relief exempts from personal income tax the income from the sale of shares acquired or subscribed for by the taxpayer or their testator as a result of the company’s initial public offering.
What is subject to the deduction?
The tax relief exempts from personal income tax the income from the sale of shares acquired or subscribed for by the taxpayer or their testator as a result of the company’s initial public offering provided that the shares are disposed of after three years.
The tax relief is conditional on there being no relation with the company whose shares the taxpayer acquired or subscribed for in the two years prior to the acquisition or subscription.
How can we help you?
We will identify the personnel costs that qualify for the innovative employee tax relief.
We will support you in the proper documentation of costs.
We will help you claim the tax relief and verify the correctness of its use.
We will request an advance tax ruling to clarify doubts, if any.
Feel free to contact us
Monika Dziedzic
Partner | Tax adviser | Legal adviserE: monika.dziedzic@mddp.plT: (+48) (22) 322 68 90
Bartosz Głowacki
Partner | Tax adviserE: bartosz.glowacki@mddp.plT: (+48) 603 980 382
Konrad Medoliński
Senior Manager | Tax adviser E: Konrad.Medolinski@mddp.pl T: (+48) 504 666 447
Dariusz Fistek
Manager | Tax adviser E: dariusz.fistek@mddp.pl T: (+48) 696 273 865