Poland’s government is not afraid to take bold steps when it comes to the taxation system. Earlier this year, the ruling party made some changes to the CIT tax. A reform programme aiming at increasing the VAT revenues is under way, and work on a single tax in the place of several mandatory employee contributions…
New changes in VAT tax coming up. The Polish government has come up with some new ideas for closing the VAT gap. The amendments are planned to come into force on 1 January 2017. The Polish government especially the Ministry of Finance decided to keep current goods and services tax rates at the same levels…
The European Commission suspended the retail tax that was recently introduced by the Polish government. The press release published on Monday states the institution is concerned that the new regulations may not be compliant with EU laws. According to the new tax provisions, all Polish retail businesses in have to pay a levy on their…
The much anticipated by the government (less so by store owners) retail tax bill has finally reached the end of its legislative path. Last week, the final step was taken by the President of Poland Andrzej Duda who placed his signature on the act introducing the new levy. The lawmakers were working on the so-called…
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…
