On 23rd May 2017 entered into force new regulations indicating the countries that use the harmful tax competition, namely:

The Decree of the Minister of Development and Finance of 17.05.2017 on the indication of countries and territories using a harmful tax competition concerning the personal income tax and the decree of the Minister of Development and Finance of 17.05.2017 on the indication of countries and territories using harmful tax competition concerning the corporate income tax.

Pursuant to the above Decrees, the legislator has limited the range of the countries considered the tax “villains”:

Deleted from the list were the countries/territories as:

  • The Commonwealth of the Bahamas,
  • Barbados,
  • The Principality of Liechtenstein,
  • The Federation of Saint Kitts and Nevis,
  • Saint Vincent and the Grenadines.

It again provokes a discussion on those countries in the context of the tax destination.

At the same time repealed is the decree of the Minister of Finance of 23.04.2015 on the indication of countries and territories using a harmful tax competition concerning the personal income tax (Dz. U. of 2015, item 599) as well as the decree of the Minister of Finance of 23.04.2015 on the indication of countries and territories using harmful tax competition concerning the corporate income tax (Dz. U. of 2015, item 600).