Poland: Proposal of extension of relief at source service until 30 June 2020

16.12.2019

Clearstream Banking informs customers that the Ministry of Finance (MoF) in Poland has proposed an amendment to the Ordonnance which extends the exemption for certain institutions and payments from monitoring the PLN 2,000,000 limit from 31 December 2019 to 30 June 2020.

If effective, it will come into force as from 1 January 2020.

In absence of further information, we will continue to apply the procedure described in Announcement A19117 until the 31 December 2019.

Further information

We continue to monitor the Polish market for new developments and will provide more information as it becomes available.

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

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions