With effect from 1 January 2013, the Law on National Investment Funds and their Privatization of 20 April 1993 (Dz. U. Nr 44, poz. 202) will be terminated. Consequently, tax reliefs envisaged for income derived by national investment funds and capital gains realized in connection with them will be abolished. The following amendments in the tax laws have been introduced and generally, will take effect on 1 January 2013.
Individual income tax
Article 21.1(42), which exempts from tax c…