Poland: Updates on tax legislation concerning family foundations, the “legal shield,” and “Slim VAT 3 package”

Government and lower house of the Polish Parliament (Sejm)

Family foundations, the “legal shield,” and “Slim VAT 3 package”

The government and lower house of the Polish Parliament (Sejm) last week considered and passed various tax-related legislations.

  • Family foundations: The Sejm on 26 January 2023 passed the law on family foundations. Key amendments proposed by the Upper House of the Polish Parliament, including the amendment exempting foundations from minimum income tax on buildings and granting the possibility to apply the Estonian corporate income tax scheme, were rejected by the Sejm. The legislation now awaits the president’s signature.
  • “Legal shield”: The Sejm on 26 January 2023 passed several new bills, including legislation that would amend certain laws to remove unnecessary administrative and legal obstacles, and modifying the law on inheritance and donation tax by increasing tax-exempt amounts. The bill now moves to the upper house of the Polish Parliament.
  • “Slim VAT 3 package”: The government on 24 January 2023 passed the latest revision of the bill amending the value added tax (VAT) law and certain other laws (commonly referred to as the “VAT 3 package”). The bill is now to be submitted before the Sejm. 

Read a January 2023 report prepared by the KPMG member firm in Poland

 

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