POLAND Law and Practice Contributed by: Wiesław Oleś, Krzysztof Rysz, Joanna Sarkowicz and Kamil Kania, Oleś, Rysz, Sarkowicz
the world fall within the scope of taxation and report- ing requirements. The Critical Role of Compliance in Securing Tax Exemptions Although this may initially appear burdensome, the Polish system provides significant tax preferences and exemptions, provided that the inheritance or gift is duly reported to the competent tax office within the statu- tory deadline. In practice, timely compliance can be challenging where asset structures are extensive and geographically dispersed, increasing the complexity of reporting. By contrast, when succession is struc- tured through a vehicle such as a family foundation, a holding company or an investment fund, informational obligations can be substantially reduced, mitigating the risk of missing reporting deadlines and inadvert- ently losing access to available tax exemptions.
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