Beneficial owners recognised for tax purposes in Poland - Polish debt securities
The following types of beneficial owner of Polish debt securities are recognised for tax purposes in Poland:
- Individuals resident and non-resident
- Foreign central banks
- Foreign governments, foreign administrative sub-divisions and foreign local authorities
- Foreign banks and investment firms (as defined in EU MiFiD regulations)
- International and Supranational organisations
- Entities specifically mentioned in the DTT
- Residents of Double Taxation Treaty (DTT) countries;
Individuals resident and non-resident
The relief at source is limited to the application of the default tax rate of 19 pct upon receipt of the beneficial owner’s disclosure.
Quick refund and standard refund are available in case a relief at source was not obtained.
Standard refund is not available to resident individuals.
Foreign central banks
A tax exemption at source or through quick or standard refund is available if granted by the DTT signed between Poland and the Central Bank’s country of residence.
Foreign governments, foreign administrative sub-divisions and foreign local authorities
A tax exemption at source or through quick or standard refund is available if granted by the DTT signed between Poland and the Central Bank’s country of residence.
Foreign banks and investment firms (as defined in EU MIFID regulations)
A tax exemption at source or through quick or standard refund is available if granted by the DTT signed between Poland and the Central Bank’s country of residence.
International and Supranational organisations
There are no particular Polish regulations granting tax exemption for supranational/international organisations entities. However, agencies like UN, EBRD, NATO where Poland is a member are exempt from taxation in Poland.
A tax exemption at source or through quick or standard refund is available to those entities.
Entities specifically mentioned in the DTT
Legal entities resident of a country having signed a DTT with Poland and whose name is specifically stated in the DTT. These are mainly Government entities or Central Banks. Example: DTT Singapore-Poland: the Monetary Authority of Singapore; the Government of Singapore Investment Corporation Pte Ltd;