The following are exempt from stamp duty:
'loans
a) granted by entities which carry out activities in the scope of granting credit and granting loans on the basis of the regulations of the banking law,
b) entities which do not have their seat or board on the territory of Poland which carry out activities in the scope of granting credit and granting loans'.
Tax laws and practise are constantly being revised and, whilst every effort is made to ensure that the information in this tax newsletter is accurate and timely, no decision should be taken on the basis of the information herein without first consulting with KPMG Polska.
Should you have any questions in relation to the above issues, please contact:
Oliver Sinton KPMG Polska LIM Center - Marriott Hotel - IX floor Al. Jerozolimskie 65/79 00-697 Warsaw, Poland Tel: +48 (22) 630 7236 Fax: +48 (22) 630 6355This information was correct as of 2 October 1998.