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16 November 2016

Poland publishes revised bill on CIT exemption for investment funds

Poland's Parliamentary Public Finance Commission presented and voted on November 14, on a revised bill amending rules for the corporate income tax (CIT) exemption for investment funds. In brief, unlike the first proposal, the revised bill gives the CIT exemption to close-ended investment funds, excluding certain types of income. Other funds (open-ended investment funds (FIO), special open-ended investment funds (SFIO) and similar foreign investment funds) will still enjoy full exemption.

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

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ATTACHMENT

Full text of Tax Alert 2016-1961

Document ID: 2016-1961

 

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