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20 January 2016

Poland imposes bank/insurance levy as of February 1

Poland's President signed the bill introducing a bank/insurance levy in Poland on January 15. The bill, published in the Journal of Laws on January 18, is scheduled to come into force on February 1. Banks, insurance companies and consumer loan providers will be affected by changes to the Polish tax system. The new bill imposes the bank tax on assets of financial institutions.

A Tax Alert prepared by Ernst & Young Poland, and attached below, provides additional details.

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Document ID: 2016-0136

 

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