The Polish government has developed and published regulations aimed at counteracting the negative effects of the coronavirus pandemic. They constitute the so-called Anti-Crisis Shield, which is to stabilize the Polish economy and provide an investment impulse by, among others, maintaining financial liquidity in companies and protecting employment.
We present the most important of the adopted tax and legal solutions and possible forms of aid to support the Polish economy during the fight against the COVID-19 pandemic.
In case of questions or doubts related to the available forms of aid for entrepreneurs, or the need for a more detailed analysis, we also encourage you to contact our experts, tax, legal and accounting advisors.
Liquidity support for enterprises
In the face of the COVID-19 pandemic, maintaining liquidity is fundamental for any business. Developing an effective financial plan to raise additional funds as quickly as possible is a key challenge that the management of most companies will have to face in the coming weeks.
Tax law
The Anti-Crisis Shield contains a package of various solutions in the area of tax law, some of which may have an impact on improving the financial liquidity of companies. The remaining ones are mainly related to the deferment of tax reporting deadlines, suspension of pending proceedings or changes in communication with tax authorities.
Employment aspects
The amended Act of March 2, 2020 on special measures for the prevention, counteracting and combating COVID-19, other infectious diseases and crisis situations caused by them, has introduced a number of possibilities to support enterprises in the employment area. They are an important element of the so-called Anti-Crisis Shield approved by the Polish Sejm on 31 March 2020.
Real Estate industry
On March 31, 2020, the President signed the so-called Special Purpose Act, which was immediately published in the Journal of Laws (Dz.U. 2020, item 568). The act affects many aspects of economic life to a varying degree, including the commercial and residential real estate sector. The greatest restrictions have been imposed on the commercial real estate market, where the lease agreements were terminated for the duration of the epidemic.
Legal support
The Polish government has developed and published regulations aimed at counteracting the negative effects of the coronavirus pandemic. They constitute the so-called Anti-Crisis Shield, which is to stabilize the Polish economy and provide an investment impulse by, among others, maintaining financial liquidity in companies and protecting employment.