After several months’ worth of debates and consultations, the proposed legislation implementing Pillar 2 Directive was officially transmitted to the Sejm on September 25 under the title “An act concerning top-up tax on constituent entities of multinational or domestic groups”.
The regulation seeks to impose a minimum effective tax of 15% on the largest multinational or domestic groups (with at least EUR 750 million in total consolidated revenues).
The proposal is not included in the agenda of parliamentary proceedings on September 27 or October 1. Its first reading is scheduled for the next session of the Sejm between 9 and 11 October.
Like its previous versions, the latest version of the proposal provides that the law will enter into force on 1 January 2025, with an option to allow the retroactive effect as of 1 January 2024.
With the legislation gaining speed, it is of particular importance to step up the preparation process at the level of both corporate groups and their Polish subsidiaries.
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