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04 September 2018

Poland publishes legislation on Innovation Box

The Polish Minister of Finance published the much anticipated draft legislation on August 24, introducing the Innovation Box regime (IBR) into the Polish tax system. The IBR is aimed at incentivizing innovative research and development (R&D) activities by taxing profits from qualifying intellectual property rights (qualifying IP) at a preferential 5% tax rate. The incentive is based on the Organisation for Economic Co-operation and Development (OECD) recommendations regarding the modified nexus approach, which intends to link the relief to the proportion of R&D in Poland.

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

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Document ID: 2018-1728

 

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