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President signs off on new deregulation law


President Bronislaw Komorowski has signed into law a government-sponsored legislative package designed to cut red tape and ease the administrative burden on business, known as the second deregulation law.

The law 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.

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