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11 April 2018

Poland proposes amendments to minimum levy on commercial real estate

The Polish Ministry of Financed announced proposed changes on April 6, to the minimum levy on commercial real estate following working consultations with the European Commission. The minimum levy has been in force as of January 1, 2018 at the rate of 0.035% per month (approx. 0.42% per year) of the excess of the initial tax value of the building over PLN10m. The levy applies to certain commercial real estate (except for, e.g., warehouses or hotels) and it is possible to offset the tax due against corporate income tax due.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-0778

 

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