Abstract

The lawmaker introduced a separate abolition procedure to tax regulations regarding tax reform known as the “Polish Deal”, of which effect will be a payment of a part of a tax relative to the tax that would be calculated while applying general principles in regard to revenue or income if they were declared in the past by taxpayers.

Its subject scope regards, i.a., non-disclosure of revenue or income, transferring capital outside of Poland, appearance of a tax benefit or using a nonexistent tax residence.

Applying this procedure is connected to a necessity of applying a lump sum rate in the amount of 8% and bearing financial cost for its conduct in the amount of 1% of income, which will fall within the ambit of 1000 and 30,000 PLN every time.

Within the analyzed procedures, it is worth to pay attention to separate legal regulations which ordain the introduction and functioning of the Capital Repatriation Council, to which entities interested in using the said procedure – taxpayers – would apply for an opinion in their individual cases. Every time, their subject matter would be determining tax consequences resulting from applying the procedure.