VAT revenue soars in March

VAT (value added tax) revenue could grow by 19 percent in March, according to preliminary data revealed by anonymous sources from the finance ministry cited Puls Biznesu. In January and February, revenues from the tax declined by 10 and 17 percent respectively year-on-year. "It is very difficult to talk about changing the trend, because the good data relate only to one month," said one of the sources. Value Added Tax in Poland stands at 23 percent for most goods, however food items and products, carry a VAT of five or eight percent.