Economy
15:18 10 June 2024
Post by: WBJ

Entrepreneurs in Poland drowning in tax paperwork

Entrepreneurs in Poland drowning in tax paperwork
Source: Pexels

Entrepreneurs in Poland spend 334 hours yearly on tax compliance, ranking second in Europe after Bulgaria. PwC's report highlights Poland's corporate income tax (CIT) obligations cost, 2.4% of turnover, among the EU's highest.

The tax system's complexity leads to compliance challenges and interpretation uncertainties. PwC suggests emulating Estonia's simplified tax approach and integrating new technologies like AI to streamline processes. Recommendations include regular tax regulation reviews, consultations, and clearguideline publications to simplify the system. Estonia's model, where tax compliance averages 50 hours yearly, serves as a benchmark for simplification efforts.


lifestyle

LifeStyle
6 days ago

Kolejkowo preparing to submit documents to debut on NewConnect

LifeStyle
7 days ago

Event Hall Opens at Norblin Factory

LifeStyle
15 days ago

Katarzyna Zielińska Champions Traditional Books in #TataTeżCzyta2024 Campaign

LifeStyle
21 days ago

Filip Chajzer Wants to Be the Self-Proclaimed King of Kebabs

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
4 years ago

25th jubilee edition of Book of Lists – project start