On 23 November 2021, the Polish President signed an act ratifying the protocol of 29 October 2020 amending the Convention between the Republic of Poland and the Kingdom of the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (the Protocol).Changes under the ProtocolThe Protocol implements a number of substantial changes to the tax treaty, which might impact many investors. The amendments cover:Introduction of a real estate clause (taxation of transfers of shares of real estate rich entities in the country where real estate is located)Change in tax qualification of...