Baker McKenzie: global minimum tax means Poland less attractive to investors
16:12
The introduction of a global minimum tax in Poland is expected to diminish the significance of current incentives for foreign investors. Experts from Baker McKenzie suggest that alongside implementing EU directives, Poland must reconstruct its existing system of incentives. This global tax, stemming from a 2022 EU directive, mandates that large international corporations pay a minimum effective income tax rate of 15% in each country where they operate.
Despite assurances from the Ministry of Finance that the impact will be limited to a small group of major firms, Baker McKenzie warns of potential competitiveness challenges for investment in Poland. They emphasize the need for Poland to revise its tax incentives and consider new categories to maintain attractiveness amidst these regulatory changes.
