Exit Tax in Poland – new obligations, new options

Polish parliament voted for implementation to Polish tax system new regulation concerning so-called Exit Tax – which will be paid by individuals and companies in case of changing tax residency from Polish to another or transfer of assets from Poland to another country – and for a new kind of taxation for individuals which will be called Solidarity Tribute.

EXIT TAX

As an idea, Exit Tax came from European Union as Directive which shall be implemented in all countries of EU till 2020. According to the current version of regulation, Polish Exit Tax will be in force already in 2019 and will be more developed than version stemming from EU Directive.

PERSONAL INCOME TAX

  • WHEN THE EXIT TAX SHOULD BE PAID?

 

Regulations concerning Exit Tax treat as an asset also enterprise or organized part of enterprise.

WHAT ARE THE RATES OF EXIT TAX?

Project of Exit Tax assumes that individuals who changed their tax residency or transferred an asset (but without losing the ownership over it) and as result potentially will no longer be obliged to pay tax in Poland,  in case of selling any asset still will have to pay: 19% if the tax amount of assets is calculable, or 3% if the tax amount of assets is not calculable. 

Read full article:Exit Tax in Poland