Poland Senate Considers Bill to Amend Tax Provisions Regarding Financial Institutions

The Polish Senate Oct. 20 accepted for consideration Bill No. 508, to amend tax provisions regarding financial institutions. The bill includes measures to: 1) ultimately increase the corporate income tax rate to 23 percent for specified cooperative savings and credit unions, tax capital groups, and foreign and domestic banks; 2) apply a 30 percent corporate income tax rate for calendar year 2026, 26 percent rate for 2027, and 23 percent rate from 2028, for financial institutions with calendar-year tax years; 3) impose corporate income tax on financial institutions commencing business in 2026 or 2027, at the 30 percent rate in ...