Clifford Chance

Tax on income from unrealised gains

12 September 2018

The Ministry of Finance published a draft Amendment to the Act on Personal Income Tax (further the "PIT"), Corporate Income Tax (further the "CIT") and the Tax Code. The draft provides for numerous material changes in taxation, one of the most important of which is the introduction of the so-called exit tax, i.e. a tax on income from unrealised gains. The introduction of the new tax results from the need to implement the EU Anti-Tax Avoidance Directive (2016/1164) (the "ATAD") into the Polish legal system.

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