Quick Summary. Situated in Central Europe, Poland is bordered by Germany, Ukraine, Russia, Belarus, the Czech Republic, Slovakia and Lithuania. Poland is a republic with a bicameral parliament comprised of the Sejm and Senate. Poland is comprised of 16 provinces.
The Constitution of Poland, which was adopted in 1997, serves as the supreme law and the legal system is governed by a code of civil law. Poland’s judiciary serves as an independent branch of government and incorporates a four-tier court system headed by the Supreme Court.
Article 26(2e) of the Corporate Income Tax Act provides for new withholding rules and exclusions/restrictions that became effective in 2020.
In addition, in 2019, Poland introduced an “IP Box” tax relief program whereby income derived from “eligible intellectual property rights” is subject to a preferential tax rate.
Poland is a member of the European Union (EU), the North Atlantic Treaty Organization (NATO), the World Trade Organization (WTO), and the Organisation for Economic Co-operation and Development (OECD).