Poland MOF Seeks Comments on Draft Bill on Corporate Income Tax Amendments Regarding Family Foundations

The Polish Ministry of Finance Aug. 29 opened a consultation on Draft Bill No. UD293, on corporate income tax amendments regarding family foundations. The bill includes measures to: 1) specify that family foundations aren’t exempt from the tax on controlled foreign corporations (CFCs); 2) specify that family foundations are within scope of the exit tax; 3) clarify that income from all forms of rentals and leases of a commercial nature are subject to corporate income tax; 4) specify a 36-month period during which a family foundation can’t dispose of property transferred to it; 5) allow the possibility of a family ...