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New deregulation law clears Senate


2011-09-14



A government-sponsored legislative package designed to cut red tape and ease the administrative burden on business, known as the second deregulation law, cleared the Senate on 13 September with several non-substantial changes.

The law, which was approved by the Sejm on 19 August, among other things abolishes the costly requirement for companies to publish their financial reports in Monitor Polski B; reduces to five years from ten years the statute of limitations on unpaid social insurance and farmers’ insurance contributions; extends by six months, to 30 September of the following year, the deadline for employees to take their unused paid leave; eases some health and safety requirements accompanying the construction or adaptation of buildings; extends until 31 January from 15 January the deadline for the submission of real-property tax declarations; gives new categories of taxpayers the power to request general tax interpretations from the Finance Ministry; or excludes expenditures on PPP projects from the calculation of public debt and general government deficit.

The law now goes before the Sejm for final approval.



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