At the beginning of 2017 the Law on the activation of the shipbuilding industry and complementary industries entered into force. In our blog (http://czernis.blogspot.com/2016/04/projekt-ustawy-o-aktywizacji-przemysu.html) we informed about the adoption of the draft of the Law by the Council of Ministers.
Solutions contained in the Act are to stimulate research and development centres expansion elaborating innovative ship types (here among others .: use of alternative low-carbon fuels, solutions to achieve cleaner emissions and ballast waters). The aim of the Act is to ensure the competitive rules of the Polish shipbuilding industry and complementary industries in the tough competition on international markets - in particular from the East Asian countries which strongly support the ship production.
The content of the Act provides for a wider than before application of 0% rate in the range of value added tax (VAT) in relation to the wide ship and complementary production. In terms of income tax from legal persons - CIT and income tax for natural persons the Act provides the opportunity to choose between CIT or PIT and a flat-rate tax on the value of sold production - in the amount of 1%.
The new Act also provides for a mechanism of covering the areas of ships and complementary production with the special economic zone. Moreover, the Council of Ministers will be able to determine the conditions for granting technological credit and bonus for technological entrepreneurs operating in the field of shipbuilding, taking into account the need to ensure the compatibility of the granted aid with European Union law.
Source:
http://www.lex.pl/
-Szymon Romanowicz