Changing regulatory environments within Poland, Hungary and
Ukraine see the countries feature at both ends of the complexity
scale for subsidiary management.
Poland
Poland's legal and regulatory system is punctuated by
frequent changes. Many of them are in line with global moves to
combat economic crime and tax avoidance. However, the process of
change is not swift or straightforward and the resulting lack of
clarity contributes to Poland's ranking as the ninth (out of
84) most complex country globally for compliance, in TMF
Group's
Compliance Complexity Index 2018 (CCI).
New legislation on the horizon for Poland includes the
introduction of the latest anti-money laundering, anti-bribery and
anti-VAT extortion regulations. The existing laws were deemed to be
inefficient and the latest approach emphasises the responsibility
of legal persons as collective entities, particularly in light of
Polish multinational European Union/OECD membership
liabilities.
