Poland to boost economy through 8.5% tax for real estate?
PR dla Zagranicy
Poland's finance ministry has prepared a bill to help boost the economy by setting corporate income tax for real estate companies at 8.5 percent.
Photo: Wikimedia Commons/James Petts.(CC BY-SA 2.0)
“The proposed law aims to make starting and running a business in the commercial real estate sector... more attractive,” the finance ministry said in a statement.
It said the bill would level the playing field in the European Union, where many countries offer special status to companies operating in commercial rentals, making them more lucrative than their Polish counterparts.
Real Estate Investment Trust (REIT)-type companies have operated some EU countries for decades.
The finance ministry also said that under the proposed new law both corporate income tax (CIT) and personal income tax (PIT) would not be paid on dividends from rental property investments. (vb)