Poland Senate Considers Bill to Amend Corporate Income Tax Exemption for Foreign Collective Investment Institutions

The Polish Senate Nov. 6 accepted for consideration Bill No. 519, to amend the corporate income tax exemption for collective investment institutions with their registered office in an EU or European Economic Area (EEA) country other than Poland. The bill includes measures to: 1) expand the exemption to investment funds and pension funds with their registered office in a non-EU country; 2) allow internal management of an investment fund, if it operates based on a permit from the financial market supervisory authority of the country of its registered office, and if the permit was obtained by the fund or its ...