Training fund will no longer be a source of tax optimisation
The amended Act on Employment Promotion and Labour Market Institutions has liquidated a measure which has been used for nearly five years like a tax credit. Companies postponed payment of the tax by including contributions to a training fund under tax deductible expenses.
- Benefits from creation of a training fund consisted in deducting tax expenses earlier, namely before the actual expense was incurred. So entrepreneurs could decrease their tax liabilities at the moment convenient for them – says our tax advisor, Marcin Sobieszek, to the Rzeczpospolita daily.
The entire article in Polish titled “Kształcenie już bez ulgi” may be found at - www.prawo.rp.pl.