Changes to bank tax being considered
15:10
Changes are being considered to the asset tax on financial institutions, which could increase tax receipts, according to Deputy Finance Minister Wiesław Janczyk.
“The change would consist of taking an average level of assets for all days in a month, or taking as a base the total assets from the end of the previous year. This will not be a major change, but it should bring results in the form of increasing tax receipts,” Janczyk explained.
The asset tax on financial institutions was introduced in February 2016. Currently, the tax is calculated on the basis of the end-month value of taxable assets. Taxable assets exclude own funds and T-bond holdings.
