Poland’s Sejm (lower house of parliament) is currently reviewing a draft law, submitted on 25 September 2024, to implement the Pillar Two global minimum tax in accordance with Council Directive (EU) 2022/2523 from 14 December 2022.
The draft law aims to implement the Pillar Two income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) to establish a minimum tax rate of 15% for multinational enterprises with annual consolidated revenue of at least EUR 750 million in two of the last four fiscal years. It also introduces a qualified domestic minimum top-up tax (QDMTT) and includes certain safe harbors.
The law is proposed to take effect on 1 January 2025.
Earlier, Poland’s Minister of Finance, Andrzej DomaĹ„ski, initiated a public consultation for the draft bill on 16 May 2024, which ended on 24 May 2024.