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Update - Poland's Planned Single Agreement on Tax Consequences for Investors

29 July 2021

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Proposed Changes

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Poland

As previously reported, Poland is considering several measures to attract investment as part of the so-called "Polish Deal", including the introduction of a new binding investment agreement that will provide investors a single opinion on all tax consequences for an investment in Poland. Details of the agreement, known as "Interpretation 590" are summarized as follows: The objective of the agreement is to provide flexibility, completeness, and comprehensiveness in determining the tax consequences of an investment project; Only a single application for the agreement is needed, without the need to submit applications to separate authorities for different tax matters, such as...