Tax processing - KDPW

Tax processing

Starting from 1 January 2024 onwards, following the introduction of new tax regulations KDPW will no longer support tax relief processing through the Relief at Source and Quick Refund services for all Polish-source interest and dividend payments from securities registered with omnibus accounts in KDPW.
The above restriction does not aply to payments of benefits from mortgage bonds, treasury bonds, and bonds meeting the requirement of so-called qualified bonds registered on omnibus accounts, provided that the holder of the securities is disclosed. For these securities, no income tax will be withheld.

U100 - Taxpayer’s Power of Attorney provided to the holder of the omnibus account (PoA) to provide information on the amount of expenses incurred by the Taxpayer to acquire securities

The tax document require official notarisation and certification via an apostille or legalisation, as applicable. One-time PoA, effective and valid until notification of its cancellation to KDPW.

Additionally, a Certificate of Residency of the beneficiary must be submitted and should be valid on the Record Date.