Some 36,000 companies have reported their intention to book bad debts totalling ZL5.7bn as costs in order to reduce their taxes.
The opportunity to do this is offered by the tax debt restructuring bill, one of the legislative tools with which finance minister Grzegorz Kolodko wants to stimulate economic growth.
The ministry originally expected ZL1bn worth of debts. Taxpayers usually reported all invoices on which the payment deadline had expired, which is why it is difficult to estimate how much of the reported amounts will actually be outstanding at the end of the year.
Larger companies had to prove that 50 percent of their receivables had expired, which limited their ability to take advantage of the tax relief.
On average, corporate income tax payers reported ZL547,600 per company, while the figure per personal income tax payer is ZL61,100.
Source: Rzeczpospolita
