Poland’s Ministry of Finance is working to finalise a draft legislation to amend the Equalization Tax Act for International and Domestic Groups, implementing the Pillar Two global minimum tax under EU Directive 2022/2523 of 14 December 2022.
This draft legislation updates the Equalization Tax Act to include OECD Pillar Two guidelines from June 2024 and January 2025, covering deferred tax liabilities, tax allocation, intermediary entities, and deferred tax assets from reliefs like R&D incentives. It also clarifies procedures for GloBE Information Returns and tax filings.
Earlier, Poland’s President Andrzej Duda signed the Act on Equalization of Constituent Units of International and Domestic Groups for the Pillar Two global minimum tax into law on 15 November 2024. The Act took effect on 1 January 2025.
