29 April 2016 Poland publishes new regulation on nonresident capital gain tax on Polish securities Recently, the Polish Minister of Finance published a draft bill specifying Polish source of income rules for the corporate income tax (CIT) purposes. The proposal includes certain types of income; however the list is open-ended. If the bill is implemented as drafted, nonresident corporations trading in Polish listed securities or shares of Polish real estate rich companies, absent tax treaty protection, will be obliged to pay 19% CIT in Poland on revenue less tax base (established depending on the form of acquisition of shares/securities), beginning January 1, 2017. Document ID: 2016-0779 |
