The Senate supports increasing the ?investment relief? up to 100 000 EUR

3 April 2009 Income tax

Today the Senate has accepted an amendment to the acts on income taxes that increases the limit of so called investment relief from 50 000 EUR up to 100 000 EUR.

The change in the acts on PIT and CIT that is currently being prepared by the Government which includes the increase of relief is part of governmental program “Stability and development plan” that is aiming at fighting the crisis.

The increased limit shall be in effect during 2009-2010. It shall apply to the companies that start their business activities during 2009-2010 and also to the ones that have started business activity in 2008.

[Gazeta Prawna 3.04.2009 r.]