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The Ministry of Finance once again rejected new rules on withholding tax settlement

The amendment to the provisions on withholding tax was to apply from 1 July 2019, However, two Before their entry into force, the Ministry of Finance once again deferred the amendment.

The amendment to the provisions on withholding tax was to apply from 1 July 2019, However, two Before their entry into force, the Ministry of Finance once again deferred the amendment.

28 June 2019 in the Journal of Laws of the Republic of Poland, a regulation amending the Regulation on...

The amendment to the provisions on withholding tax was to apply from 1 July 2019, However, two Before their entry into force, the Ministry of Finance once again deferred the amendment.

On 28 June 2019 Regulation amending the Exemption or Restriction Regulation was published in the Official Journal of the Republic of Poland. Article 26(2e) Corporate Income Tax Act. Under the new Regulation, the revised tax collection rules will apply from 1 January 2020.

At the same time, it should be stated that in making payments, the payer is obliged to exercise due diligence in verifying whether the conditions for the application of the statutory exemption or preferential tax rates resulting from double taxation agreements are met - in this respect the legislator has not decided to postpone the provisions.

It needs to be stressed that a new regulation has been issued to date to postpone the application of corporate tax only. Consequently, the obligation to collect withholding tax under the new rules on payments to PIT taxpayers should the statutory threshold be exceeded 2,000,000 PLN has been valid since 1 July 2019

For more information see article " Maintaining due diligence in the context of withholding tax payer obligations "

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