The Polish Senate (upper house of Parliament) on 30 March approved for ratification the income tax treaty with Brazil, according to information published on the Senate's website.
The treaty was signed 20 September 2022, in New York. It stipulates that dividends are taxable at a maximum rate of 10 percent if the beneficial owner is a company that directly holds at least 25 percent of the capital of the payer company throughout a 365-day period that includes the date on which the dividends wer…