Locked content Income from PIT and CIT shows high dynamics

There is a very high dynamics of income from corporate income tax (CIT) and high, over 20 percent, dynamics from personal income tax (PIT), the head of the Ministry of Finance Teresa Czerwińska said. She added that VAT dynamics is lower. She added that it is too early now to talk about returning to ...

Locked content SAF-T to replace VAT declarations next year – FinMin

According to the Finance Minister Teresa Czerwińska, the Standard Audit File for Tax (SAF-T) will replace VAT declarations starting from 2019. In January, 94.5 percent of VAT taxpayers submitted SAF-T files and after the analysis, 85,000 of them were flagged as suspicious. According to FinMin, they ...

Locked content PwC: VAT gap to drop to PLN 39 bln in 2017

Based on VAT collection data in H1 of the year, the VAT gap could decrease to PLN 39 billion in 2017, which equals to 2 percent of GDP, from PLN 52 billion recorded in 2016 (2.9 percent of GDP), advisory PwC calculated. PwC analysts expect VAT revenues to increase by 19 percent y/y to over…

Poland increases tax revenue by over 20% in January

The first month of new year has been quite good for the state coffers with some PLN 6.7 billion surplus. The revenue from taxes was the main reason for the good results, with VAT revenues increased by 25 percent year-on-year and amounted for nearly PLN 22 billion out of PLN 37 billion revenue record...

Locked content FinMin: VAT bill to bring PLN 3.4 bln annually

Poland expects PLN 3.4 billion in annual value-added tax (VAT) revenue boost on the implementation of a package of VAT tightening solutions, according to a draft bill presented by the Ministry of Finance. Most of the solutions are to take effect as of January 1, 2017, estimated at PLN 3.1 billion. T...

VAT revenue soars in March

VAT (value added tax) revenue could grow by 19 percent in March, according to preliminary data revealed by anonymous sources from the finance ministry cited Puls Biznesu.