– We are late because the previous government, although it did not protest when the directive was adopted, i.e. agreed to it, did little to implement it. That's why we are too late, much too late, and that's why the European Commission initiated procedures to punish us. And this punishment is very real. This will be a lot of money resulting from failure to implement the directive. From the beginning, the Commission said: this is a very important issue for us – he said in October deputy minister finances Jarosław Neneman.
Poland will implement the EU tax. We know the details
A month has passed since then and we managed to push through the regulations required by the EU directive. On Friday (November 15), the signing of the Act of November 6 2024 on equalization taxation of component units of international and domestic groups was submitted by President Andrzej Duda. This bill is a reality new taxthat the European Union required from us.
The idea is to ensure a global minimum level of taxation for international business groups and large domestic groups. This is how the largest companies are to be taxed. Therefore, the regulations are addressed to “component units of an international group or a domestic group if, in at least two of the four tax years immediately preceding the tax year, they achieved group revenue (shown in the group's consolidated report) of at least PLN 750 million euro“.
In such a case, it will be necessary for the company to estimate the amount of income obtained and the amount of taxes paid. The principles of these calculations are described in detail in the Act. In this way, it will be possible to carry out the so-called effective tax rate test. If the effective rate turns out to be less than 15%, the company will have to pay an equalization tax.
The EU tax will hit Polish companies. We know the scale
How many Polish entrepreneurs will be liable to pay this tax? Deputy Minister Jarosław Neneman calculated that there will be 40 parent companies together with other companies. In total, there will be approximately 7,000 entities that may potentially be subject to this tax. – This scale also shows who this tax is addressed to – he emphasized during his speech in the Sejm. The regulations will come into force on January 1, 2025.