In a new announcement, the Warsaw Stock Exchange further defines which firms will be exempt from the exchanges Stamp Duty Tax, Bank BPH reports.
According to the Polish SEC the definition of an investment firm, those who will not be required to comply with the tax, includes only foreign investment firms performing brokerage activity in the territory of Poland.
The commission says foreign brokers that are not performing brokerage activity in the territory of Poland are not included in the group of “investment firms” and are not exempted from the stamp duty tax.
The new definition relates only to OTC transactions.