Expert: Tax incentives are valuable, but the stability of the law is becoming more important

The amended Polish Investment Zone (PSI) law simplifies tax incentives for companies investing in fixed assets and employees. While many clients report satisfaction with the incentives, concerns about bureaucratic formalities persist. The law clarifies rules for expanding existing facilities and emphasizes automation, extending support decisions from 15 to 20 years. However, issues with global taxation remain, as companies may still face obligations despite local tax benefits. Existing R&D tax deductions have increased significantly, yet participation has declined, indicating a demand for stability in the tax system. Recent CIT rate hikes may not deter investment but could lead to price increases. Overall, the focus should be on improving existing tax benefits rather than creating new ones, ensuring clarity and predictability for long-term investors.