MF has new plans to tackle tax evasion – Morawiecki

Poland’s Minister of Finance, Mateusz Morawiecki, has not ruled out the possibility of introducing a new VAT mechanism, it appears. He was speaking to reporters on the sidelines of the economic summit in Davos Switzerland on Friday. “The Ministry of Finance is not withdrawing from the planned creati...

Locked content Corporate tax evasion costs budget PLN 10 bln

According to estimates by Klub Jagielloński, corporate tax evasion stemming from transferring revenues to tax havens costs Poland PLN 10 billion annually. The report says that losses are due to the institutional weakness of taxing authorities. Since transfer pricing audits are not preceded by risk a...

Locked content Foreign companies pay less in taxes than domestic firms

Companies with foreign capital pay less in income taxes than domestic firms, according to Bisnode data published by Rzeczpospolita daily. In the years 2011-2013, 500 of the biggest Polish companies paid PLN 22.4 billion in taxes, which accounts for 0.96 percent of their revenues and 22 percent of in...

Locked content Poland adopts FATCA

Sejm passed a bill adopting the American FATCA (Foreign Account Tax Compliance Act), according to which Poland and US will transmit tax data. Both countries will notify themselves about banking accounts and revenues of tax residents. As many as 309 parliament members voted for, 6 were against the ad...

Poles involved in HSBC tax scandal

More than 500 people affiliated with Poland, including more than 30 with Polish citizenship, were advised on tax evasion by the Swiss branch of the international banking giant HSBC, according to information contained in the leaked bank account files made public by the International Consortium of Inv...

Locked content Publishing of law on tax evasion delayed

The Supreme Audit Office (NIK) is to investigate a delay in the publishing of a new act regarding tax evasion by foreign companies. The act was signed into law on September 17 and as of early October still had not been published. The result is a possible loss of tax revenue reaching PLN 3 billion,&#...