Poland: Proposed exemption from withholding tax on T-bills and T-bonds

19.07.2022

On 28 June 2022, The Ministry of Finance published a draft of amendments to the Corporate Income Tax (CIT) and Personal Income Tax (PIT).

If the proposals are approved, effective 1 January 2023 foreign investors will benefit from an exemption from withholding tax on interest and redemption of all Polish T-bills and T-bonds with no condition linked to maturity date, admission to trading nor issuance date as it is currently the case for T-bonds.

The draft is subject to further legislative proceeding and possible changes.

We continue to monitor the Polish market and will provide further information as it becomes available.

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