Poland: Changes to the Polish Corporate Income Tax Law

Real Estate Tax Services Newsalert ()

A draft amendment to the Polish Corporate Income Tax (‘CIT’) Act was published by the Polish Ministry of Finance on 24 August 2012. It targets several areas for tax optimisation and includes, in particular, significant changes regarding the tax status of a joint stock partnership, new rules on taxation of distributions in-kind, widening thin capitalisation provisions and transfer pricing regulations. It also includes new rules on disposals of assets held by a European Company, European Cooperative Society, and a Polish permanent establishment of a foreign business.