On 27 October 2015, Poland's President Andrzej Duda signed into law the legislation to implement the anti-abuse rule for dividends that was added to the EU Parent-Subsidiary Directive earlier in 2015. Under the new rule, Poland will not provide the participation exemption for dividends if connected with an arrangement or a series of arrangements where the arrangement(s) are only put in place to receive a tax benefit and not for valid commercial reasons that reflect economic reality.
The new …