Poland’s ‘Estonia Style’ Corporate Tax System Takes Effect

By Global Tax Weekly

In Poland, the implementation of the country’s new ‘Estonia style’ corporate tax system continues apace, with the publication of new forms to be completed by companies seeking to avail themselves of the regime.

On January 1, 2021, Poland introduced a new tax regime for companies whose revenues do not exceed PLN100m (USD26.6m), which provides for an exemption from tax on reinvested profits.

On December 10, 2020, the Ministry released draft guidelines on the new regime, in Polish, including step-by-step instructions, over more than 120 pages, on the process for entering, exiting, and complying with the regime.

And earlier this month, the Polish Government published in its Journal of Laws a regulation including two forms that must be filed to opt into the regime, namely to request to join the regime and to disclose details required regarding the company’s shareholders.

For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look

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