Poland: New list of states, territories subject to CRS reporting obligation for 2021

List of states and territories subject to CRS reporting obligation for 2021 was published

List of states and territories subject to CRS reporting obligation for 2021 was published

A notice of the Minister of Finance (dated 29 March 2022) on the list of states and territories subject to common reporting standard (CRS) reporting obligation for 2021 was published in the Polish Official Gazette.

Holding bank accounts in the countries listed in the notice gives rise to the reporting obligation as part of the automatic exchange of information on reportable accounts. The obligation stems from Article 22(3) of the Act on the exchange of tax information with other states. Compared to last year, the list has been notably extended (the list for 2020 contained 50 items, while the list for 2021 contains as many as 82 items). 

Read an April 2022 report prepared by the KPMG member firm in Poland

 

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