Poland VAT receipts up by 40% y/y in Q1

Poland recorded an impressive 40 percent increase in VAT receipts in Q1, according to the deputy ministry. However, the pace will drop significantly for the remainder of the year and amount to 11 percent for the whole year, as predicted in the budget. VAT receipts amounted to PLN 42 billion in the first three months of 2017, which represents almost 30 percent of the annual plan.

 

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