Large amendment to the CIT Act already in the Sejm
The draft amendment to the provisions of the CIT Act and other laws, which we wrote about yesterday, has already reached the Sejm. The document received the number 2544.
Among the changes in this draft is the idea – already signalled by us – of repealing the provisions on documenting so-called indirect paradise transactions. Specifically, we are referring to Article 11o(1a) and (1b) of the CIT Act.
– Thanks to this amendment, for 2021 taxpayers will no longer be obliged to collect declarations on the beneficial owner or haven settlements for indirect haven transactions. This is really good news for taxpayers,” assesses Cyprian Werykowski, tax adviser and director at Thedy & Partners.
Parliamentary print: Druk nr 2544 – Sejm Rzeczypospolitej Polskiej