What changes the introduction of a minimum CIT from 2024?

The introduction of a minimum CIT from January 2024 brings significant changes to the Polish tax system and businesses need to prepare for the new tax burden. Despite the original plans to introduce this tax at the beginning of 2022, the deadline was postponed due to economic turmoil.

Co zmienia wprowadzenie minimalnego CIT od 2024 roku

Who will be covered by the new tax?

The new tax will mainly affect companies, tax capital groups and foreign enterprises operating on the Polish market. Cooperatives, foundations, associations and entities meeting certain criteria, such as newly established companies, companies with a large year-on-year decrease in revenue, entities with a purely personal ownership structure and small CIT taxpayers, will be excluded.

How do we calculate the minimum CIT?

A minimum CIT will apply to companies recording a tax loss or with a profitability of less than 2%. Profitability is calculated as the ratio of income to revenue, ignoring capital gains, fixed asset expenditure and depreciation and amortisation charges

What are the tax rates?

The tax rate is 10% and companies have the option to choose between the extended and simplified variants. The extended option takes into account 1.5% of revenue, debt financing costs and intangible services, while the simplified option assumes 3% of revenue.

What does this mean for businesses?

The first payments of the minimum CIT must be made by the end of March 2025, which creates an additional tax burden that requires careful analysis by the accounting department. Companies must decide whether the tax applies to their business and, if so, which calculation methods to choose.

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