Act shipbuilding. The government is preparing a tax haven for the shipbuilding industry – Money.pl

The government presented a bill that would restore the shipbuilding industry in Poland. They are being prepared tax benefits, and even new taxes. Instead of CIT shipyards will be able to pay sales tax. Everything has to be in line with EU regulations.

In Szczecin, during a joint press conference the Minister of maritime and inland waterway Mark Gróbarczyk Minister and Finance Minister Paul Szałamacha was published draft so. “Act shipbuilding.” It contains a number of tax benefits for those producing ships. The aim is to support the shipbuilding industry in Poland.

The “Law on the activation of the shipbuilding industry and the production of complementary” because it specifically is the full name “Act shipbuilding”, contains solutions for taxes, special economic zones and access to resources the European Union. plans have been tested for EU regulations.

zero VAT

the project involves wider than the current use of the zero rate of VAT in relation to the shipbuilding and complementary. expanded directory will be vessels for the construction and equipment which will apply this preferential rate of VAT.

for the shipbuilding industry mean it will improve liquidity in the construction of new units and, therefore, the less they will need to use bank financing . ordered parts and accessories for more ships purchased will in fact unloaded VAT.

Shipyards repair and supplier of components for the construction of ships also to benefit from new developments.

Currently, the shipyard, stocking up of its suppliers in all kinds of components related to the construction of the ship, you pay 23 percent VAT. After completion of construction, according to Polish law, apply to the state budget for reimbursement of VAT. In the draft provisions of the yard was already at the stage of issuing invoices for specific elements or components will not pay VAT.

Instead of CIT tax will be rotating

In terms of income tax (CIT), the project provides the opportunity to choose between the standard formula, tax and flat-rate tax on the value of marketed production in the amount of 1 percent. The choice of this form of taxation will be followed by the submission of a declaration by the entrepreneur, and the change in the form of taxation will not be possible before the end of three years.

– In 2005-2007, the Ministry of the Treasury, where I was deputy minister, Polish shipyards worked and produced ships. Unfortunately, the then government of PO-PSL them liquidated. That is why I am glad that today we can give to the public a bill that gives a chance for the rebirth of our shipbuilding industry – said Finance Minister Paul Szałamacha at a press conference.

The new legislation prepared by the Ministry of Maritime and Inland Navigation. The government will be controlled at the turn of March and April. The law will come into force from next year.

Support for the shipbuilding sector is standard in many countries of the world. In the European Union, such solutions exist in many countries. In addition to tax incentives shipyards, among other things grants programs supporting innovation.

Thousands of new employees

In a recent interview with the PAP deputy minister of maritime and inland waterway responsible for the shipbuilding industry Paul Brzezicki said that the ministry assumes that in the first year of operation of the Act will be about five thousand new jobs in the shipbuilding industry, and the turnover related to the purchase of parts for shipbuilding will rise from 1.5 billion to 2 billion zł zł.

Deputy Brzezicki estimates that within 10 years, the demand on the ships produced in the Polish shipyards may reach 25 billion zlotys. This may include programs of the Ministry of National Defence, the construction of gas carriers, passenger ferries, fishing boats, units to operate ports, platforms, gas or individuals to support offshore wind energy.

The presentation of the new regulations was held in a place where 26 years ago signed the August agreement between the workers of “Solidarity” and the government. They ended the strike of the workers.

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