Polish MinFin cannot determine deadline for capital gains tax changes
Poland's Ministry of Finance informs that the project to amend the capital gains tax is currently under internal consultations, and at this stage, it is not possible to specify the deadline for its completion, stated the Ministry of Finance, in response to a parliamentary question.
"This project is after internal consultations. At the same time, the Ministry of Finance continues to analyse the discussed issue due to its complexity, shape, and scope of individual regulations. The presentation of final solutions in this area will only be possible after their final agreement and development. Therefore, at this stage of work on the discussed project, it is not possible to specify the deadline for its completion," stated the Ministry of Finance.
The proposed project includes introducing an exemption from taxation on income (revenue) up to a specified annual limit related to savings and capital investments of PLN 100,000 (EUR 23.5 mln):
-from interest, discounts, or redemption of treasury bonds with a redemption term of at least one year;
-from interest on funds held in time deposit accounts with a term of at least one year;
-from the sale of securities, shares, derivatives, cooperative shares, from exercising rights arising from securities or derivatives, from acquiring shares or contributions in cooperatives in exchange for non-cash contributions, and from redemption, repurchase, or cancellation of participation titles in capital funds.
The Ministry of Finance indicates that an evaluation of the effects of the proposed regulations is planned to occur three years after the law comes into force.
Poland's Finance Minister Andrzej Domanski expressed hope that the capital gains tax will be reduced starting in 2026.
tus/ nl/