Poland:
New Special Economic Zones
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The government is planning to open three new Special Economic Zones, in Legnica, Lodz and Walbrzych. The respective ordinances have already been approved by the Council of Ministers.
EU agreements limit the possibilities of opening new zones after 1999; there are plans, therefore, to open several more before that date. Potential areas for consideration include: Tarnobrzeg, Starachowice, Zarnowiec, Czestochowa and Koszalin, as well as an area near Krakow's Sendzimir steelworks.
In general, the preferential benefits offered for operating within the zones include:
- 10 years corporate tax exemption;
- Up to 10 subsequent years relief amounting to a 50% corporate tax exemption.
Tax laws and practise are constantly being revised and, whilst every effort is made to ensure that the information in this tax newsletter is accurate and timely, no decision should be taken on the basis of the information herein without first consulting with KPMG Polska.
Should you have any questions in relation to the above issues, please contact:
Oliver Sinton
KPMG Polska
LIM Center - Marriott Hotel - IX floor
Al. Jerozolimskie 65/79
00-697 Warsaw, Poland
Tel: +48 (22) 630 7236
Fax: +48 (22) 630 6355
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