Poland to Extend Withholding Tax Pay and Refund Exemption for Technical Payers

Poland's Ministry of Finance has published draft personal income tax and corporate income tax regulations for consultation that would extend the temporary exemption from the pay and refund withholding tax mechanism for so-called technical payers, which refers to financial intermediaries who manage securities accounts or omnibus accounts (such as custodian banks and brokerage houses). The pay and refund system, implemented for most taxpayers in 2022, requires the withholding of tax at standa…