Poland: Guidance on depreciation of goodwill
Goodwill acquired in exchange for consideration other than money cannot be depreciated for corporate income tax purposes.
The Ministry of Finance on September 12, 2024, published guidance providing that under Article 16b(2)(2) of the CIT Act, goodwill acquired in exchange for consideration other than money (e.g., via the acquisition of a business in exchange for the extinguishment of a loan) cannot be depreciated for corporate income tax purposes.
Read a September 2024 report prepared by the KPMG member firm in Poland