The loss incurred in 2020 will be tax-deductible from income earned in 2019. To this end, taxpayers will submit a correction to their 2019 tax return. This solution has been provided for entities whose revenue in 2020 will decrease by at least 50% compared to the revenue generated in 2019. A loss of up to PLN 5 million may be deducted from the income for 2019 (the surplus will be deducted in subsequent years).
More about tax reliefs can be found in our alert: Review of the premises of the “Anti-Crisis Shield” – tax and legal issues
