Category Taxation in Poland

Poland Eyes Detection System for Tax Cheating

March 23, 2017 Taxation in Poland

Tax collections in PolandWARSAW – Poland hopes to catch out tax cheats by automatically monitoring bank transactions for high risk deals.

The Finance Ministry of Poland has announced that it will soon establish an electronic verification system using bank data to catch out VAT fraud.

The new system is meant to catch out tax cheats who issue fake invoices in order to claim unwarranted tax VAT rebates.

The system will work by conducting risk analysis of transaction going through the national finance sector.

If initiated, the new system could be functional as early as June this year.

In the first year of operations, the tax system could help recover 10 percent to 15 percent of the fake tax claims.

Based on the estimated recovery rate, the government of Poland could see tax revenues rise by as much as PLN 600 mil...

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Poland’s Retail Tax is Discriminatory

July 13, 2016 Taxation in Poland

WARSAW – The upcoming retail tax in Poland unfairly burdens foreign companies, which will result in local business paying only 5 percent of the tax.

In a press release issued on July 7th the Director-General of EuroCommerce Christian Verschueren claimed that retailers in Europe are “taken aback by discriminatory Polish retail taxes” which are claimed to impose disproportionately heavy burdens on foreign retailers working in the country.

Under the scope of the new tax any physical retailer operating in Poland which have a monthly turnover of between PLN 17 million and PLN 170 million will be subject to a tax of 0.8 percent, while retailers with higher turnovers will see a tax of 1.4 percent.

Poland currently has a disproportionately high number of foreign retailers operating in the cou...

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Large Retailers Face Extra Tax in Poland

January 26, 2016 Taxation in Poland

WARSAW – Large retailers in poland will soon be facing an extra tax on their profits, with hiked rate for weekend trading and holiday specials.

On January 25th the Finance Ministry of Poland announced that a new progressive tax will soon be enacted on large retail stores operating in the country.

The new tax will be levied at a rate of 0.7 percent on retailers with monthly sales of between PLN 1.5 million and PLN 300 million, and at a raised rate of 1.3 percent on businesses with sales exceeding PLN 300 million.

A further raised tax of 1.9 percent on profits made by large stores on weekends and during holiday sales.

The Ministry also indicated that the new tax shall not lead to any increase in retail prices faced by consumers, leading some experts to believe that the cost of the tax is i...

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Poland to Hike Excise Duties

November 23, 2011 Taxation in Poland

poland and warsawWARSAW – Polish taxpayers will soon see a price hike for tobacco and fuel products as the government looks to raise excise taxes in order to boost tax revenues.

A new set of legislative regulations were submitted to the parliament of Poland on November 22nd setting out a series of new tax increases on fuel and tobacco products, aimed at quickly raising the country’s tax revenues.

If the bill is approved by parliament, the country will see an increase of 4 percent to the current excise tax on tobacco products. It is estimated that the change will garner an additional PLN 245 million in tax revenues per year.

Fuel excise duties will also be raised, and are expected to bring in an additional PLN 2.2 billion in tax revenues per annum.

Earlier, on November 18th the newly elected Prime Mi...

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