Taiwan-Poland taxation agreement takes effect
Date: 2017/01/04    Data Source: Public Diplomacy Coordination Council
January 4, 2017

The Agreement and the Protocol Between the Taipei Economic and Cultural Office in Warsaw and the Warsaw Trade Office in Taipei for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income took effect January 1, 2017, fostering an investment-friendly environment for Taiwanese and Polish businesses marked by fair taxation.

The pact was signed in Taipei October 21, 2016, following more than two decades of bilateral negotiations. In preparation for the agreement’s implementation, the ROC government notified Poland December 5 that it had completed relevant domestic procedures, while the Polish government completed its procedures with publication in the official government gazette December 29, following approval by the parliament and signature by the president.

Poland is Taiwan’s 10th-largest trading partner in Europe. According to the latest statistics, bilateral trade between the two countries from January to October 2016 grew by 4.7 percent compared to the same period in the previous year, highlighting the continued growth of the bilateral economic relationship and cordial ties between Taiwan and Poland. The ROC Ministry of Foreign Affairs will continue to promote the mutually beneficial relations between Taiwan and Poland, so as to increase the welfare of both peoples. (E)