Poland: Proposed changes to taxation rules for 2019 – final approval

27.11.2018

Clearstream Banking1 informs customers that the president of Poland recently approved the changes to the Personal Income Tax (PIT), Corporate Income Tax (CIT), Tax Ordinance and other regulations as announced in Taxflash T18035.

The changes are still to be published in the Journal of Laws of Poland.

Impact on customers

The changes brought by this law will become effective as of 1 January 2019. 

Clearstream Banking’s local depository has taken the decision to stop the relief at source and quick refund processes as of 1 January 2019. 

Foreign investors taxed at standard rates on interest and dividend payments will have to apply for the standard refund process. 

We expect our local depository to provide an updated standard refund procedure soon.

Further information

We continue to monitor the situation with our local depository and will provide further information once available.

For further information, customers may contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or their Relationship Officer.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.