Market Taxation Guide - Poland
This Market Taxation Guide (Poland) provides the following details:
- Reference information about all taxes applied at source, through Clearstream Banking1 and its local depositories, to securities deposited in Clearstream Banking; and
- Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.
New and improved tax information and procedures that become available will be included on an ongoing basis.
Important note:
This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.
Withholding tax
Debt Securities | Holding restriction | Withholding tax rate | Relief at source | Quick refund | Standard refund |
No | 20% | ||||
Individuals (resident and non-resident)a | Yes | Yes | Yesb | ||
Foreign central banks | Yes | Yes | Yes | ||
Supranational or international organisations | Yes | Yes | Yes | ||
Foreign governments, foreign administrative sub-divisions and foreign local authorities | Yes | Yes | Yes | ||
Foreign banks and investment firms (as defined in EU MiFiD regulations) | Yes | Yes | Yes | ||
Entities specifically mentioned in the DTT signed between Poland and their country of residence | Yes | Yes | Yes | ||
Residents of DTT countries (Legal entities and individuals) | No | No | Yes | ||
EU/EEA investment/pension funds | No | No | Yes | ||
EU investors with participation holding | No | No | Yes | ||
- A reduced rate of 19% is applicable to Individuals (resident and non-resident)
- Standard refund is not available to Polish residents
Equities | Holding restriction | Withholding tax rate | Relief at source | Quick refund | Standard refund |
No | 20% | ||||
Supranational or international organisations | Yes | Yes | Yes | ||
Foreign governments, foreign administrative sub-divisions and foreign local authorities | Yes | Yes | Yes | ||
Foreign banks and investment firms (as defined in EU MiFiD regulations) | Yes | Yes | Yes | ||
Entities specifically mentioned in the DTT signed between Poland and their country of residence | Yes | Yes | Yes | ||
Residents of DTT countries (Legal entities and individuals) | No | No | Yes | ||
EU/EEA investment/pension funds | No | No | Yes | ||
EU investors with participation holding | No | No | Yes | ||
Capital gains tax
There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
Stamp Duty
There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
-------
1. “Clearstream Banking” refers collectively to Clearstream Banking S.A. and Clearstream Banking AG (for Clearstream Banking AG customers using Creation accounts)