Poland MOF Explains Application of Brexit Transitional Tax Provisions

The Polish Ministry of Finance April 6 explained the application of Brexit transitional tax provisions for Polish and U.K. businesses and individuals. The U.K. will still be treated as an EU member for a transitional period ending Dec. 31. The explanation includes: 1) the withholding tax exemption for interest and royalties for companies subject to income taxes in another EU member country; 2) the withholding tax exemption for dividends transferred between parent and subsidiary companies residing in different member countries to avoid double taxation; and 3) the prevention of discriminatory tax treatment for mergers and demergers. [Poland, Ministry of Finance, ...