Additional Information
Disclaimer
The author accepts no responsibility whatsoever for errors, omissions, or any consequences arising from
the
use of this tool. Always verify the numbers yourself and consult a qualified tax adviser before filing
your
return.
This project is not affiliated with, endorsed by, or in any way connected to Interactive Brokers LLC or
any of
its subsidiaries, nor to the Krajowa Administracja Skarbowa (KAS) / Polish National Revenue
Administration
or any other Polish government body. "IBKR" and "Interactive Brokers" are trademarks of Interactive
Brokers LLC.
"PIT-38" refers to a standard Polish tax form published by the Polish tax authority.
Column reference
Capital gains — FIFO lot matching per symbol, NBP Table A mid rate on trade date.
Cost PLN — cost basis at NBP rate on buy date ·
Gain/Loss PLN — net proceeds minus FIFO cost; positive = taxable gain
Dividends — NBP rate on last business day before payment date (art. 11a ustawy o PIT).
Tax 19% — gross PLN × 19%, rounded up to nearest grosz (art. 63 §1a O.p.) ·
Paid — withheld at source, converted to PLN ·
Left — tax still owed to Poland (poz. 49)
W-8BEN & withholding
The standard US withholding rate for non-residents is 30%. Under the US–Poland treaty (art. 10,
1974) it drops to 15% with a valid W-8BEN on file — IBKR collects it at account opening
and every 3 years; if it lapses, 30% applies without notice. The withheld % is shown in brackets in the
Paid column — 30% there means W-8BEN may have lapsed.
Polish law (art. 30a ust. 9) caps the foreign tax credit at the Polish 19% due (poz. 47): if withheld
at 30%, only 19% is creditable in Poland — the excess 11% must be reclaimed from the IRS (Form 1040-NR).
With 15% withheld you simply pay the remaining ~4% to Poland (poz. 49).
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