“How to settle a subsidy from the Polish Development Fund” – article by Magdalena Porzeżyńska, PhD, and Małgorzata Woźniak in Rzeczpospolit

The Polish Development Fund (“PFR”) is implementing a programme of support for entrepreneurs in the form of so-called Financial Shields, i.e. subsidies to counteract the negative effects of the Covid-19 pandemic. So far, this support has been implemented in the form of the so-called Financial Shield 1.0 until the end of July 2020, and then continued under Financial Shield 2.0, which was launched in January 2021. According to the PFR, the PFR Financial Shield 1.0 programme for micro, small and medium-sized companies benefited more than 347,000 enterprises from all over Poland, employing more than 3.2 million employees. The companies received support in the form of financial subventions for a total amount of PLN 60.5 billion. The procedure for writing off subsidies has now begun, but entrepreneurs still have questions about how to correctly account for and repay the subsidy received, whether they can count on writing off all or part of the subsidy and, finally, whether they will pay tax on the subsidy received.

The answers to these questions can be found in the article “How to account for the subsidy from the Polish Development Fund” , which was prepared by Ms Magdalena Porzeżyńska, advocate at law, and Małgorzata Woźniak, apl. adw .

We encourage you to read it!

The article is available HERE