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Polish President Andrzej Duda on 15 November signed legislation commonly referred to as the ‘Polish Deal.’ The legislation includes provisions that are expected to impact the taxation of investments and business activity in Poland.

These include a 10% minimum tax on corporations, changes to withholding tax regulations, extension of the definitions of a controlled foreign entity and a Polish tax resident, and introduction of a ‘shifted income’ tax. The new provisions generally are expected to be effective 1 January 2022.

Action Item: Due to the broad scope of the new law and the 1 January 2022 effective date for most provisions, companies should evaluate current and anticipated investments in Poland and model the potential impacts of the law.