Introduction of an 'exit tax' in the works - dep FinMin

The Ministry of Finance is working on introducing a so-called "exit tax" which intends to prevent businesses from evading taxation in Poland by moving their assets abroad, deputy Finance Minister Paweł Gruza said in response to a parliamentary interpellation. Gruza confirmed that the Ministry of Finance is preparing regulations for implementing an "exit tax" which intends that unrealised, potential gains resulting from the transfer of business from Poland to another country are subject to tax in Poland. "The tax on unrealised profits is therefore essentially not about any transfer of assets, but only about the loss of the right to tax income earned effectively before the transfer," the deputy finance minister wrote.