On November 27, the Polish President signed a law called the Act of 19 November 2024 to amend the Farm Tax Act, the Local Taxes and Levies Act and the Stamp Duty Act (“New Law”). The New Law is largely concerned with changes to the real estate tax framework, to take effect on 1 January 2025.
The most important changes under the New Law:
- an autonomous definition of “building” (budynek) and “structure” (budowla) (no more references to construction law),
- new statutory definitions of certain terms, such as “construction works”, “built feature” or “permanently attached to ground”,
- Schedule 4 added to the Local Taxes and Levies Act with a list of structures subject to real estate tax,
- option to file real estate tax returns for 2025 by 31 March 2025 instead of 31 January 2025 (applies subject to conditions laid down in the New Law).
As the changes are sweeping while there is not much time left for 2025 tax preparation (assuming the optional March 2025 due date does not apply), taxpayers are advised not to wait and start verifying their assets to see how the changes affect their real estate tax compliance.
If this issue pertains to your business and you are interested in our assistance, please contact us.
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