Public Finances Commission approves the Senate's VAT bill amendments

This means that government will now have to negotiate with the European Commission on whether such an amendment can be forced through into law. The most controversial issue to arise, however, concerned the introduction of guarantee deposits. At present, companies trading with EU member states have to wait 180 days for a tax return, but the new amendment would allow companies to speed the process up by paying a deposit of zł.250,000. This though is proving to be something of a hot potato, with opposition parties claiming that the amendment would punish domestic enterprises and favor the richest companies. (Parkiet, p. 7; Puls Biznesu, pp. 1, 4) A.K.