On 11 June 2021 draft regulations introducing the postponement (for the sixth time!) of the mandatory WHT pay-and-refund regime until 31 December 2021 were published on the RCL website. As the Ministry of Finance clarifies, the postponement results from the exceptional conditions of the COVID-19 pandemic, which makes it unreasonable to burden payers and taxpayers […]
WHT regime postponement in Poland
As we already informed you WHT pay-and-refund regime will apply not earlier than on 1 July 2021. Resolution introducing the postponement was published on 30 December 2020. This is very good news for multinationals, in particular for those investing in Polish real estate. Once WHT regime comes into force, the general rule would be to […]
Further postponement of WHT regulations
Please be informed that according to the press release (Dziennik Gazeta Prawna) the Ministry of Finance is planning to issue further regulations postponing the entry into force of the WHT pay and refund mechanism. The deferred provisions stipulate the obligation to collect withholding tax on receivables for certain intangible services (to include management services and […]
Investing in Poland from the level of the Netherlands or through a Dutch holding company is becoming more and more troublesome
First of all, there are significant anti-abusive provisions upcoming in the local Polish and Dutch regulations as of 2021: new business substance requirements for service companies in the Netherlands – minimum EUR 100k of annual wage expenses, office space for the period of 2 years; introduction on WHT on interest and royalties paid from DutchCo […]
WHT and Polish resident’s foreign establishment
On 24 April 2020, a general interpretation of the Minister of Finance (No. SP4.8223.1.2020) was published regarding the withholding tax (WHT) on payments made by a Polish resident’s foreign establishment to a non-resident. It is intended to provide a remedy for existing doubts and disputes regarding whether in such situations a Polish resident or his […]
Polish Ministry of Finance: another WHT postponement and “Estonian CIT”
During the event organized on 4 March by one of the chambers of commerce, the Deputy Minister of Finance raised that the Ministry of Finance (MF) plans to focus its work in the nearest future on: another suspension of the obligatory withholding tax remittance for transactions exceeding PLN 2 million (until the end of 2020), […]