Press Release: Direct taxes: The European Commission formally requests Poland to end discriminatory taxation of foreign pension funds, investment funds and financial institutions

The European Commission sent a reasoned opinion (second step of the infringement procedure provided for in Article 226 of the EC Treaty) to Poland with regard to its legislation which provides for higher taxation of interest and dividends paid to foreign pension funds and investment funds and higher taxation of interest paid to foreign financial institutions. If there is no satisfactory reaction to the reasoned opinion within two months, the Commission may decide to refer the matter to the Court of Justice of the European Communities.