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14 April 2016

Polish Government proposes amendments to corporate and personal income tax laws

Poland's Minister of Finance submitted the proposal of amendments to laws on income taxes (both corporate and personal) for public consultation on February 25. Under the proposed regulations, tax neutrality of reorganization operations such as the exchange of shares, mergers or divisions, will be dependent on the demonstration of justified business objectives for the transaction. Otherwise, there will be an assumption that the transaction is performed for the purpose of tax avoidance and therefore taxable.

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

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Document ID: 2016-0680

 

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