The changes are as follows:
"goods produced or services rendered within the zone (means) goods (produced) or services (rendered) if the value, reduced by VAT, of all materials used in production....which were not produced or services which were not rendered in the zone does not exceed 70% of the price of the product or service reduced by VAT."
- the 0.5% limit of outstanding liabilities to the State Budget has been increased. Now, entities operating in the zones will lose their right to relief where outstanding liabilities exceed 3% of taxes and other payments to the State Budget (e.g. ZUS premiums) considered separately on account of each of the above;
- the definition of goods created in the zones has been changed to read as follows:
Please note that there are exceptions to this rule.
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