Minimum income tax on commercial real estate - scope and rate

Tax applies to the ownership of fixed assets located on the territory of Poland, whose initial value exceeds PLN 10 million, in the form of:

1. a commercial/service building classified in the official Classification as:

• a shopping center,
• a department store,
• an independent shop and boutique,
• other commercial/service building,

2. an office building classified in the Classification as an office building, if it is not used for the taxpayer's own needs (e.g. as a registered office).

The taxable base is the income corresponding to the initial value of the fixed asset determined on the first day of each month resulting from the records kept and reduced by the amount of PLN 10 million.

The tax rate is 0.035% of the tax base for each month.

Tax settlement

The tax due should be paid by taxpayers to the account of the tax office by the 20th day of the month following the month to which it relates.

Such tax calculated for a given month can be deducted from the CIT tax advance.

If the value of the new tax is lower than the amount of the CIT advance for a given month - it is not required to be paid to the tax office.