Poland: Public consultations on beneficial owner for withholding tax purposes, expansion relief measures
Ministry of Finance announced public consultations
Ministry of Finance announced public consultations
The Ministry of Finance on 28 September 2023 announced public consultations (until 10 October 2023) on draft clarifications of:
- Beneficial owner clause for purposes of withholding tax, in particular:
- Method of interpreting and applying CIT Act and PIT Act provisions on collecting withholding tax by remitters, in the wording applicable as of 1 January 2022
- Interpretation of the notion of “beneficial owner”
- Framework of the remitter’s due diligence
- Tax relief under Article 18eb of the CIT Act and Article 28gb of the PIT Act, commonly referred to as expansion or pro-growth relief
Read an October 2023 report prepared by the KPMG member firm in Poland
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.