The President signed an act introducing CIT taxation of limited partnerships and certain general partnerships. The amendment also provides for a definition of a real estate company, changes to transfer pricing documentation, as well as a 9% tax rate for taxpayers whose revenues earned in the tax year did not exceed the equivalent of EUR 2,000,000. An obligation to prepare and make public reports on the implementation of the tax strategy has also been introduced for capital groups and taxpayers whose revenues for the year exceeded the equivalent of EUR 50,000,000.
According to the amendment, the regulations on the taxation of limited partnerships (and general partnerships) come into force as of January 1, 2021, with the proviso that limited partnerships may defer the application of the new regulations and consequently become CIT taxpayers only as of May 1, 2021.