Polish Implementation of Global Minimum Tax – Implications for the Polish Entities and First Practical Observations!

On behalf of the AmCham Tax and Financial Services Committee, we invite you to a meeting entitled Polish Implementation of Global Minimum Tax – Implications for the Polish Entities and First Practical Observations.
The workshop will be dedicated to the Polish implementation of Council Directive (EU) 2022/2523 on the global minimum tax. Top-up taxation entered into force in Poland in January 1 this year and provides that capital groups with global consolidated revenues equal or higher than EUR 750 million are obliged to pay a top-up (supplementary) tax, if their effective tax rate (ETR) calculated according to a specific formula for operations in Poland, is lower than 15%. In addition to the risk of an additional tax burden, the new regime involves extensive analytical and reporting obligations. Furthermore, due to the tax benefits resulting from tax reliefs, top-up taxation is particularly important for companies benefiting from such preferences, including investors enjoying CIT exemption in special economic zones/Polish Investment Zone or Research and Development tax credit.

Our EY experts will cover among others the following issues during the workshop: 

• present the key principles of operation of the new tax regime – top-up taxation, including new mechanisms resulting from the Polish act, and commenting on possible differences between the national standard and the OECD and EU models;
• discuss the information necessary for the calculation of top-up taxation (in full and simplified versions), potential sources of this data, and possible gaps;
• indicate the obligations imposed on Polish entities and how to prepare for them, including internal and external reporting, and discussions with auditors;
• indicate the impact of top-up taxation on the effectiveness of tax reliefs, such as the Research and Development tax credit or zone exemption;
• present the basic mechanisms mitigating the negative impact of top-up taxation on the effectiveness of applied tax reliefs, and;
• discuss first practical observations on how the Polish companies prepare for and deal with compliance with the top-up taxation regulations.
   

The meeting will take place on Wednesday, April 2, from  9.30 am – 11.30 am. We encourage you to visit the AmCham office, Spektrum, ul. Twarda 18, 16th floor (live tickets are limited to 20 people, for those registering live, we ask to click live ticket). The Webex link will be sent to all online attendants one day before the event.