On Monday 15 January, the European Commission opened an in-depth investigation into a Polish tax incentive scheme in favour of shipyards.
The measure, which was introduced by the Polish authorities in 2016, allows shipyards to pay a fixed tax rate of 1% on sales generated by building or converting vessels, instead of corporate taxation (19%) or on the income of natural persons (of 18, 19 or 32%). The payment of this tax is, moreover, postponed until the end of the process of building or...