Miserable start to Poland’s Deferred Profit Tax Program

Poland’s deferred profit tax meant to encourage investors is off to a slow start amid continuing virus woes and a lack of trust among entrepreneurs.

Of the tens of thousands of taxpayers who were eligible at the start of the year, only 337 had registered for the new tax regime by mid-March, the Finance Ministry said Thursday.

Poland introduced the regime—known locally as “Estonian corporate income tax,” because it mimics Estonian tax law—on Jan. 1. It allows companies to shift corporate income tax payments from the time profits are earned to the time they are distributed.

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