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III ZP 21/01 AI generated

Court rules scientific foundation income used for securities is tax-exempt under indirect expenditure rule.

Case Number III ZP 21/01
Court / Authority
Jurisdiction Poland (PL)
Decision Date
Outcome Allowed / Granted
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Legislator summary

AI generated

The Supreme Court resolved a legal question regarding whether income from securities purchases by a scientific foundation constitutes taxable income. The foundation argued that buying securities was merely a safe, intermediate step to fund future scientific research, while the tax authority insisted on a direct link between expenditure and the statutory purpose. The court ruled in favor of the foundation, establishing that the law permits indirect support methods and allows for capital accumulation before spending.

Legislator headnote

AI generated

Art. 17 ust. 1b; Art. 17 ust. 1a pkt 2; Art. 17 ust. 1 pkt 4 ustawy o podatku dochodowym od osób prawnych: Income used for securities by a scientific foundation is tax-exempt if the investment serves the indirect purpose of funding research.

Keywords

AI generated
scientific foundation tax exemption securities investment indirect expenditure capital accumulation income tax law statutory purpose

Cited Legislation

AI generated
Art. 17 ust. 1b ustawy z dnia 15 lutego 1992 r. o podatku dochodowym od osób prawnych
Art. 17 ust. 1a pkt 2 ustawy z dnia 15 lutego 1992 r. o podatku dochodowym od osób prawnych
Art. 17 ust. 1 pkt 4 ustawy z dnia 15 lutego 1992 r. o podatku dochodowym od osób prawnych

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