The Ministry of Justice is working on a bill introducing heavy penalties for persons involved in VAT fraud. According to media reports, acting to the detriment of the State Treasury may be subject to a penalty of up to 5 years in prison. However, in return for cooperation with state authorities, i.e. returning stolen assets…
The government is going all out to find a way to narrow the yawning VAT gap. The Minister of Finance has revealed his resort is considering creation of Central Invoice Register that will give fiscal authorities a deep insight into what Polish companies are doing. The finance minister, Piotr Szałamacha, said in a press conference…
Are we going to have a major fiscal system overhaul in two years in Poland? It is pretty likely, as state officials reveal some ground-shifting plans with respect to Personal Income Tax and other state levies. Henryk Kowalczyk, Chairperson of the Standing Committee of the Council of Ministers, in a press conference shared the ideas…
The European Commission has just published its country-specific recommendations indicating the macroeconomic areas on which the Member States need to focus on. The guidance is part of the European Semester economic policy coordination programme. The aim of country-specific recommendations (CSRs) is to highlight the areas that each country needs to improve in order to boost…
April is the last month for filing PIT tax returns. This means it is about time to do your taxes, at least if you are an employee. A vast number of Poles wait till the last moment to do that. For many years that meant spending considerable amount of time queuing in tax offices. A…
Supreme Audit Office (NIK) conducted a study of how Polish fiscal control authorities tackle tax fraud. The results? Ministry of Finance has a lot to work on. NIK took a look into the activities the Ministry of Finance and is subordinates took upon to counteract VAT fraud and tax avoidance and to retrieve the money…
A new child benefit programme will be launched later this week. Polish parents are more than happy, but can the budget handle it? The 500 PLN per child was a key promise in the general election race won by Prawo and Sprawiedliwość [Law and Justice]. Now the ruling party are to show the public that…
Paweł Szałamacha and Marek Gróbarczyk, Polish Minister of Finance and Minister of Maritime Economy and Inland Navigation, caught up everyone’s attention in a press conference that was held on Monday in Szczecin, in a shipyard cafeteria. The press event was called up in order to present a government remedy that is to bring back life…
Polish government is working on amendments to Corporate Income Tax Act, Personal Income Tax Act and Freedom of Business Activity Act that will bring the legal limit of cash transactions down. Presently, the threshold for transactions in cash between enterprises is 15,000 EUR, but this is soon to change. The new limit is planned to…
A big change is coming for taxpayers. The Polish Ministry of Finance has new plans to combat tax evasion and identify dishonest taxpayers. Polish edition of Forbes magazine called the upcoming solution revolutionary. Consolidated Control File – this is the name of the new tool that is to bring tax investigations to the next level….
