Poland Sends Global Minimum Tax Legislation to Parliament

Poland sent a bill to parliament to ensure large multinational corporations pay an effective tax rate of 15% on profits.

The bill, which was received by the Polish parliament on Sept. 25, would transpose Council Directive (EU) 2022/2523 into law.

• The directive is based on the Organization for Economic Cooperation and Development’s global minimum tax deal, known as Pillar Two, which aims to reduce tax avoidance by establishing a minimum effective rate for domestic and foreign companies with annual revenue over 750 million euros.
• In May, the European Commission issued an infringement notice to Poland, along with Spain, Cyprus, ...