Limited partnership can defer becoming a CIT taxpayer

Publication / 28.12.2020

The amendment introducing CIT taxation of limited partnerships and certain general partnerships allows a limited partnership to stipulate that the new taxation rules will apply to it not from January 1, 2021, but from May 1, 2021. The regulations do not specify how limited partnerships are to defer becoming CIT taxpayers. The solution, however, is for all partners to pass an appropriate resolution and then report it to the relevant tax authorities.