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More details regarding support system to replace special economic zones
The draft Act on Support for New Investments has entered the next phase. On 26 February 2018 it was passed to parliament and 20 March 2018 saw the first reading. On 11 and 12 April, the draft was examined by an extraordinary subcommittee. Work on the new provisions is expected to end in the second quarter of this year.
A draft of the Council of Ministers Regulation on State Aid for Undertakings in investment areas was attached to the draft Act. Although this is not the final version of the Regulation, it shows at least the direction of the solutions planned by the Minister of Enterprise and Technology and can already be an indication for future investors.
No change to some rules
Some of the solutions will not change. Support for investors will take the form of tax exemptions. As previously, aid will be granted for new investment costs or creation of new jobs. The eligible costs system will also remain the same.
Full content of the legal alert is available in attached PDF.
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