Year 2019 will bring numerous changes in tax regulations that will have impact on your activity as well as personal settlements with the tax authorities. Below we have presented a summary of the most significant tax changes. If you are interested in more detailed information in the scope of the said changes, do not hesitate to contact us.
1) Innovation box
- Preferential taxation of 5% in relations to income obtained by a taxpayer from qualified intellectual property rights owned of which the taxpayer is owner, co-owner, user or with reference to which holds the right to use on the basis of a licence agreement, and which are protected on the basis of applicable national or international laws.
- Qualified intellectual property rights include in particular:
- protection right for a utility model,
- registration right of the industrial model,
- registration right of integrated circuit topography,
- auxiliary protection right for a patent for a medicinal product or a pesticide,
- registration right of a medicinal product or a veterinary medicinal product admitted to trading,
- an exclusive right referred to in the Plant Variety Protection Act,
- copyright to the computer programme.
- The Innovation Box can also be used in the case of purchase of qualified intellectual property rights on condition that the buyer will incur costs connected with their development or improvement.
- Income qualifying for the Innovation Box includes income obtained on account of licence receivables/fees or other receivables connected with the use of qualified intellectual property right, income from the sales of qualified intellectual property right and income from such asset taken into account in the selling price or service determined based on the market price.
- The preference can be used on condition of selecting qualified income in the accounting records.
2) In-kind contribution of loan and trade receivables
- Starting 1 January 2019, tax deductible expenses in the case of providing loan or trade receivables to the company will be determined as:
- The value corresponding to the amount of the loan (credit) that was provided by the entity contributing to the payment account of such company,
- The value of receivables in the part previously classified as the income due by the entity making in-kind contribution.
- The change dispels any doubts in the scope of the possibility of recognizing tax deductible expenses in the case of conversion of debt into capital with reference to which the existing opinion of tax authorities and administration courts was not unambiguous.