Poland: Tax treatment of UK-based investors post Brexit

Clearstream Banking¹ informs customers that the Polish Ministry of Finance (MoF) has recently confirmed that the EU tax treatment rules will continue to apply to UK-based investors during the post Brexit transition period.

Effective

immediately

the EU tax treatment will continue to apply to UK-based investors until 31 December 2020, or even 2021 if the transition period is extended.

Impact on customers

For UK-based investors considered as tax-exempt entities, such as certain pension and investment funds, or those based on the parent-subsidiary directive, the current exemption conditions can still be obtained through the tax relief at source or standard refund procedures.

Concerning relief at source, the new eligibility and tax due diligence requirements introduced in Poland in 2019 remain applicable. Please refer to Announcement A19117 and related announcements.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.

---------------------------------------
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.