Supreme Administrative Court Rules That Investor Who Purchased Foreign Shares and Other Securities Can Deduct up to 19% of Foreign Tax Paid Even If Tax Treaty Provides for Lower Rate

In this note, the author comments on a recent Polish Supreme Administrative Court Decision, wherein it was held that investors who receive dividends connected with the holding of shares or other securities in foreign companies may deduct, from Polish individual income tax, 19% of the tax withheld abroad from the dividends received, even if the applicable income tax treaty sets a lower rate.