Locked content FinMin to lower CIT for small firms since 2017

The Ministry of Finance has filed a draft bill with the Chancellery of the President stipulating the lowering of the CIT tax rate from the beginning of 2017. The ministry stressed that the law fulfills the commitment made in Prime Minister Beata Szydło’s policy speech. “Under the propose...

Locked content MF: Project on retail tax bill will be ready next week

The retail tax bill project will be ready by the beginning of next week, Finance Vice-Minister Leszek Skiba told the press on Tuesday. He added that it is too early to determine how the bill’s proposed method of taxation will change (whether it will be a linear or a progressive tax). Earlier i...

Locked content MF: 2015 deficit was not higher than PLN 44 billion

The Ministry of Finances announced on Tuesday that the nation’s budget deficit did not exceed 44 billion PLN in 2015, meaning that the government managed to keep the shortfall within 3 percent of Poland’s GDP. This renders the first estimate of the deficit made on January 26 invalid, in ...

Locked content Szałamacha meets British investors

Minister of Finance Paweł Szałamacha and Deputy Minister of Finance Paweł Nowak have arrived in London to meet British investors, the ministry reported. The ministers will discuss Poland’s fiscal policy in the short-term. Szałamacha will also present governmental economic plans and the 2016 bu...

Locked content Morawiecki: Fx mortgage bill may be tweaked

Vice-Prime Minister and Minister of Development Mateusz Morawiecki said that the Swiss Franc mortgage bill should be a voluntary solution. Speaking to journalists after the announcement of his economic development plan, Morawiecki noted that foreign investors have the ability to appeal to internatio...

Locked content MF sold PLN 1.99 bln in treasury bills

The Ministry of Finance sold  32-week treasury bills for PLN 1.99 billion on Monday, with demand at PLN 5.36 billion, the ministry informed. The minimum price was calculated at PLN 9,9240, while bills’ yield totals 1,290 percent. The Ministry will hold bill tenders on an irregular basis. In Ja...

Locked content Poland could yet change retail tax law

Poland’s Finance Ministry Paweł Szałamacha told the Polish Press Agency (PAP) that a retail tax law could yet be changed following analysis of an array of concerns received during recent consultations. “The remarks coming into the Finance Ministry, including those from franchise network ...

Locked content MF sells bonds worth PLN 9 bln

At a supplementary tender, the Ministry of Finance has sold treasury bonds valued at PLN 1.5 billion, while the demand stood at PLN 3.2 billion in total, a statement by the ministry read. In addition, at the main tender PLN 7.5 billion of securities were sold. The Ministry sold OK0118 (PLN 1 billion...