The Senate Legislative Office sees a problem in subsidies for electric cars, but the committee recommends passing the law • ELECTROMAGNETS

Subsidies for electric vehicles will cover several hundred to several thousand people in the country, that is, a relatively small group of people. Amendment to the Income Tax Act it will cover everyone, 100 percent of the citizens - so the Senate Legislative Bureau had doubts that the law could come into force within a year. Nevertheless, the Committee on Budget and Public Finance recommends the adoption of the law.

FNT. Supplements for electric vehicles with a good likelihood

Table of contents

• FNT. Supplements for electric vehicles with a good likelihood
  • Vote for the amendment to the Income Tax Act on Wednesday, January 15th.

Recall what is at stake: during the work on the regulation of subsidizing electric vehicles "forgot" the aspect of the exemption of the subsidy of the Transport Fund with a low level of emissions from income tax. So if a call for proposals was announced and someone bought an electric car and then received funding, they would have to show it annually. And pay tax on it.

For most citizens, this would mean the need to pay several or even several thousand zlotys annually! because it was necessary to amend the law on income tax from individuals and legal entities:

> Applications for the electric vehicle subsidy are slated for the first quarter of 2020. Now officially

The Senate Legislative Office saw a problem in this situation. He pointed out that, in accordance with the jurisprudence of the Constitutional Court, changes in income tax should come into effect from the new tax year (read: no earlier than 2021) and must be announced at least 30 days before the end of the current fiscal year.

Vote for the amendment to the Income Tax Act on Wednesday, January 15th.

On the other hand, it was emphasized that taxpayer-friendly changes tend to be introduced faster (a source). Therefore, the Committee on Budget and Public Finance, which dealt with this issue, recommended the adoption of the law without amendments (source).

The first meeting of the Senate in 2020 is scheduled for Wednesday, January 15, 2020 at 11.00:XNUMX. The amendment to the Income Tax Law, the adoption of which determines the possibility of starting the acceptance of applications for subsidies, is the second on the agenda. (a source).

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