Poland: Temporary suspension of withholding tax regulations
Following discussions initiated by the Polish banking community, including Clearstream Banking’s depository, Citi Handlowy; the Polish Ministry of Finance has proposed a temporary suspension of the pay and refund regime applicable to interest and dividend payments between related entities.
Please refer to A22001 for further details on the tax regulations which came into force on 1 January 2022,
If the proposed amendments are implemented, the monitoring of the PLN 2 million investment limit and the verification of the relationship between the investors and the issuers by the local custodians when performing the due diligence, will be temporary suspended until the end of 2022.
The draft remains subject to further market consultations.
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 |