13:44 24 November 2024
Regulations Implementing the Global Minimum Tax in Poland Introduced
The Act on the top-up tax of constituent entities of multinational and domestic groups (“Pillar 2”) was signed by the President, completing the legislative process in Poland. The Act implements into Polish law the provisions of Council Directive (EU) 2022/2523 of December 14, 2022, on ensuring a global minimum level of taxation for multinational enterprise groups and large domestic groups in the European Union.
The Pillar 2 regulations will apply to international and domestic capital groups whose total annual turnover is at least €750 million in at least two of the four tax years immediately preceding the given tax year.
It is estimated that there are as many as 8,000 companies on the Polish market that may be subject to this tax.
(WBJ)
