Prior to this, where under certain conditions income from PHARE-sponsored projects was exempt from Polish taxation, it was also understood to be exempt from ZUS.
The new ordinance states that cash and in-kind income is liable to ZUS if not included in a defined list of exemptions. This appears to be a departure from the approach that ZUS is only applicable to taxable income.
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