A Tax Revolution in Poland?
The New Economic Deal Policy of the Morawiecki Government and its Implications for Investors
Poland's ruling United Right coalition is hoping 2022 will be a year of economic transformation for the country, stimulated by the politically controversial Polish Deal, the Government's landmark package of sweeping economic, tax and social policy reforms.
The reforms outline significant changes for Polish households, businesses, multinational corporations and local governments, with strategic goals leading up to 2030. Coming into force on 1st January, 2022, the policy package – also known as the PND (Polish New Deal) – looks set to become one of the main drivers of Poland's post-pandemic recovery and a major contributor to creating jobs and attracting inward investment.
As the main tax provisions of the PND will enter into force from January, Kesarev takes a more detailed look at this flagship economic and social policy, its implications for current and potential investors present in CEE's largest market, as well as the turbulent relations between Warsaw and Brussels.
Full memo available here.