KOSZTY FINANSOWANIA DŁUŻNEGO W ŚWIETLE NOWYCH ROZWIĄZAŃ PODATKOWYCH
COSTS OF DEBT FINANCING IN THE LIGHT OF NEW TAX SOLUTIONS

Summary/Abstract: The article presents a problem of limiting costs of debt financing. So far the limitations concerning the inclusion of interest on tax to tax costs have related only to intracorporate loans. Since 1 January 2018 new regulations have been introduced in this respect. The taxable amount is decreased by costs of debt financing not exceeding PLN 3 million increased by 30% EBITDA. In new tax solutions, a market credit worthiness category has been introduced, which will be assessed by tax authorities. Capital groups, in which internal companies have greater creditworthiness than individual business entities, have been disregarded. Also small entities and companies starting business activity will have problems connected with the market assessment of creditworthiness. Very often they do not have credit worthiness since they do not have assets to secure debts. Outside sources of financing enterprises in Poland are more expensive than in highly developed countries. This may limit the development of enterprises and worsen their competitiveness.

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