Poland up in Paying Taxes ranking

Poland advanced from the 113th to the 87th spot in the Paying Taxes 2015 report prepared by consultancy PwC, the firm said in a press release. The publication ranks 189 economies. Poland’s total tax rate stands at 38.7 percent compared to 41.6 percent a year ago. However, if this year’s methodology was used, last year’s rate would be 38.5 percent. The average Polish business-owner has to make 18 tax payments annually and has to spend 286 hours complying to taxation laws, the report said. Poland has a lower total tax rate than the CEE average of 41 percent, but complying to tax rules takes longer than the 176 on average in the region.