Poland: Proposed amendment to tax on financial institutions; guidance on tax micro-accounts

Draft legislation would reduce the taxable base for certain financial institutions by the value of bonds guaranteed

Draft legislation would reduce the taxable base for certain financial institutions

The government submitted to Parliament on 10 November 2022 draft legislation that would reduce the taxable base for certain financial institutions by the value of bonds guaranteed by the State Treasury. The proposed measure would become effective 1 January 2023.

In addition, the Minister of Finance issued a decree (dated 26 October 2022) on the types of taxes, fees, and non-taxed budgetary levies payable through tax micro-accounts. The decree extends the types of payments that may be made using tax micro-accounts (e.g., fees for providing information to court bailiffs, fees for an extract from/certificate of the Register of Treasury Pledges, and, starting from 1 January 2023, a raft of payments related to tax on extraction of certain minerals). The decree becomes effective 10 November 2022.

Read a November 2022 report prepared by the KPMG member firm in Poland

 

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