Changes in PIT, CIT, VAT and Tax Ordinance Act

On 6 May 2020 the Parliament (the Sejm) adopted a draft bill amending PIT, CIT, VAT Acts, and the Tax Ordinance Act. Among proposed changes are in particular: the possibility of making payments on bank accounts not indicated on the so-called White List and adapting the PIT and the CIT Acts to the Polish Classification of Products and Services (PKWiU 2015).

Promoting R&D in CEE Region

For a few latest years, many developed and developing countries have been promoting R&D activities. The surge in R&D expenses is however not unexpected – most economists agree that this is the only way to avoid the middle-income trap. Leaders in this field in 2018 were: Israel, South Korea, Taipei, Sweden, and Japan: