Poland: Renewal of the existing temporary suspension of withholding tax regulations
On 23 December 2024, the Polish Ministry of Finance published two ordinances extending the temporary suspension of the pay and refund regime for dividend and interest payments between related entities during calendar year 2025.
Clearstream Banking1 informs clients that effective
1 January 2025
the information conveyed in Announcement A24004 is renewed in relation to the calendar year 2025, which means that local custodians will not be obliged to monitor the PLN 2 mn annual limit for all dividend and interest payments released throughout calendar year 2025. They will also not be obliged to verify/document the relationship between issuers and investors (whether institutional or individual) when performing their due diligence before any income payment. As renewed, the suspension is now meant to apply until the end of 2025.
The list of permanent exemptions from monitoring the PLN 2 mn annual limit for certain dividend and interest payments shall remain unchanged.
Impact on clients
The extension of the temporary suspension of withholding tax regulations in 2025 has no impact on clients. The existing due diligence and relief at source procedure remains unchanged.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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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 clients 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.