WHT once again postponed by six months
There are draft regulations - in PIT and CIT ready - which once again postpone the effective date of the amended withholding tax (WHT) regulations.
This time the postponement of the WHT refund regulations is postponed until 31 December 2021. Both regulations are due to enter into force on 30 June 2021. This is because until then the previous deferral regulations are in force.
– As a reminder, the WHT refund procedure concerns the obligation to withhold tax at the domestic rate with the right to a full or partial refund. The amended regulations were to come into force on 1 January 2019. However, since they are defective the MF postpones their entry into force every six months, at the same time assuring that it is working on their amendment – points out Łukasz Kupryjańczyk, tax adviser, partner at Thedy & Partners.
According to the MF, the reason for the next postponement is the difficult conditions related to the pandemic and now is not the right time to burden entrepreneurs with additional obligations.