VAT revenues up 25% so far

Revenues from VAT increased by nearly 25 percent in H1 and amounted to PLN 94.7 billion, said Dziennik Gazeta Prawna daily, citing unofficial data. This would represent two-thirds of the planned, PLN 143.5 billion amount for the whole year.

In July alone, the increase in VAT receipts amounted to PLN 14.7 billion, which represents an 8 percent y/y growth.

Last week, Deputy Finance Minister Paweł Cybulski reported that this year’s VAT receipts should be higher than the level set in the budget law for 2017.

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