Poland plans 3% tax on tech giants
Briefly

Poland intends to implement a 3% tax on large tech companies to foster its technology and media sectors. The draft tax bill targets companies with global revenues exceeding €750 million, including social media, marketplaces, and advertising firms. Some services, such as financial services and direct retail sales, will be exempt. The tax implementation is projected for as soon as 2027, following public consultation. The Polish digital ministry estimates the tax could generate up to €470 million in its first year and expects further growth in revenue thereafter.
Poland plans to levy a 3% tax on large tech companies to support its technology and media sectors, targeting companies with global revenues exceeding €750 million.
The tax will apply to marketplaces, social media, ride-sharing apps, and companies selling personalized advertisements or user data, with exemptions for specific services.
The ministry estimates a 'modest' 3% tax could generate up to €470 million in the first year, with expectations for growth thereafter.
Poland's draft legislation for the tax will continue through the year and could be enacted by 2027, following public consultation.
Read at www.euractiv.com
[
|
]