Poland: Proposed renewal/extension of the existing temporary suspension of withholding tax regulations
Clearstream Banking was recently informed by its local depository that the Polish Ministry of Finance has proposed to renew/extend the current temporary suspension of the pay and refund regime applicable to interest and dividend payments between related entities.
Please refer to Announcement A22099 for further details on the current suspension of the pay and refund regime which is meant to last until
31 December 2023.
If the recently proposed amendments are implemented, the current suspension of monitoring of the PLN 2 million investment limit and the verification of the relationship between investors and issuers by local custodians when performing their due diligence, will be extended to apply until the end of 2024.
The Ministry’s proposal is 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 clients 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 client’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |