Amendment to the Financial Transaction Tax Act Approved by Parliament

The amendment to the act, about which we informed you here, brings the following main changes:

• Broadening the scope of persons who will not be taxpayers, e. g.:
  • Citizens’ and interest associations,
  • Foundations,
  • Research and development entities,
• Clarification of exemptions from the subject of the tax and their extension, e. g.:
  • Payment of collateral and customs debt, provision of a guarantee for customs debt,
  • Operations of a crypto-asset service provider,
  • Transactions of administrators and distrainors,
  • Payment and return of financial collateral or deposit in public procurement,
  • Payment of administrative and court fees,
  • Operations of public universities and health insurance companies,
  • Transfer of funds of the same owner within collective investment funds managed by the same asset management company,
• Application of the maximum tax in the amount of EUR 40 per transaction only to those recharged costs that the taxpayer can demonstrably identify according to individual transactions,
• Obligation to notify the tax collector of the fact that the person is not a taxpayer,
• Obligation to notify the tax collector of a special account from which financial transactions that are not subject to tax will be carried out,
• Several other clarifications and additions.

We will keep you informed on the next steps within the legislative process.