Poland to receive PLN 27.7 bln from new tax regulations
19:15
According to a draft bill sent by the Finance Ministry to the PM's chancellery, Poland expects to receive PLN 27.7 billion in the coming 10 years due to new fuel trade tax regulations and additional VAT.
The ministry states that currently, Poland loses PLN 2.5-5.0 billion annually on account of a shadow economy in fuel trade. The draft bill shows that in the first year, additional receipts will bring Poland about PLN 2.5 billion.
Poland wants suspension in excise payments for intra-EU fuel imports to apply only to Polish firms and to foreign firms with branches in Poland. The new VAT regulation would bring forward the tax payment obligation, which is currently triggered by the sale within Poland.
The bill will enter into force two months after being signed into law.
