Accounting Services for Business

rss iconRSS
plende

News

/ Tax Alerts

A subsidy from the PFR does not constitute tax revenue

/
Date02 Dec 2020

PDF icon

The financial subsidy received by the taxpayer under the government program for SMEs in connection with combating the effects of the pandemic in Poland is not tax revenue. It concerns the financial support from the Polish Development Fund (PFR) provided under the government’s ‘Anti-Crisis Shield’. This was confirmed by the Director of National Treasury Information in an individual interpretation of 29th September 2020, ref. 0013-KDIPT2-3.4011.637.2020.3.MS. However, the subsidy may be recognised as a deductible cost. Also, in the event of possible loan redemption, it will be conceivable to recognise the expenditure is tax-deductible.

However, it should be noted, although the mere fact of receiving a financial subsidy is tax neutral, its redemption will constitute tax revenue for the taxpayer, PIT or CIT respectively. Such individual interpretation was advocated by the Director of the Information Centre of the Polish Ministry of Finance on 30th October 2020, file 0115-KDIT3.4011.434.2020.3.AWO.


If you have any additional questions about tax or require further information, please contact your relevant contact person who will forward your enquiry to the department:

Tax & Legal of the getsix Group

Our specialist corporate lawyers are at your disposal. You will find the contact form on the getsix website: LINK.

getsix Tax & Legal:
getsix® Tax & Legal Aneta Majchrowicz-Bączyk

Your getsix® Team

***

This circular is non-binding information and serves for general information purposes. The information provided does not constitute legal, tax or management advice and does not replace individual advice. Despite careful processing, all information in this circular is provided without any guarantee for the accuracy, up-to-date nature or completeness of the information. The information in this circular is not suitable as the sole basis for action and cannot replace actual advice in individual cases. The liability of the authors or getsix® are excluded. We kindly ask you to contact us directly for a binding consultation if required. The content of this circular is the intellectual property of getsix® or its partner companies and is protected by copyright. Users of this information may download, print and copy the contents of the circular exclusively for their own purposes.