Poland: Ministry of Finance publishes a draft bill to implement EU ATAD 2 anti-hybrid measures

On 23 August 2019, the Poland Ministry of Finance released a draft bill outlining several provisions to implement EU ATAD 2 anti-hybrid measures.

The main purpose of implementing the anti-hybrid measures is to counteract the situation of double tax deductions or the tax deduction of expenses without recognition of corresponding revenues. To meet this goal, some topics have been defined differently than envisaged by ATAD 2. A consultation has been opened for this draft bill and comments are due 2 September 2019. The provisions may also be subject to further amendments during the legislative process. If approved, 1 January 2020 will be the effective date of the new provisions.