Clifford Chance

New method of taxation of eurobond issues

17 October 2018

This Client Briefing summarizes amendments to the taxation of eurobonds proposed by the Ministry of Finance which might change the way eurobonds are issued by Polish issuers from an indirect issuance via a special purpose vehicle to a direct issuance. The new regulations are set out in a draft amendment to the Act of Personal Income Tax, Corporate Income Tax and the Tax Code, which is currently under consideration in the Parliament (the "Draft Act"). It is therefore, still subject to change. It is expected that the Draft Act will come into force from 1 January 2019. 

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