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The Warsaw Voice » Business » November 19, 2008
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Taxes Unfriendly to Business: Report
November 19, 2008 By A.R.    
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The Polish tax system is not business friendly, according to the Paying Taxes: The Global Picture report prepared by consulting firm PricewaterhouseCoopers and the World Bank.

The report ranks Poland 141st among 181 countries in terms of tax system friendliness. Romania is the only European Union country that ranks behind Poland, in 146th place. The Maldives tops the table, ahead of Qatar, Hong Kong, China, United Arab Emirates, Singapore, and Ireland. Belarus ranks last. In 2007, Poland was in 125th place in the league table.

The report shows the findings of worldwide research on tax legislation and practice in the context of business activity. The researchers took into account data for 2007 and the first quarter of 2008.

In compiling the league table, the researchers looked at individual economies to assess their companies' total tax liability as a percentage of commercial profits, the number of tax payments per year, and the time companies needed to complete tax-related formalities.

The report shows that total tax liability in Poland is 40.2 percent, compared with 29.9 percent in Denmark and 28.8 percent in Ireland. A Polish company has to make 40 payments per year and needs 418 hours to prepare and file returns and pay taxes. In Denmark and Ireland, a company makes only nine payments per year and needs 135 and 76 hours respectively to complete tax-related formalities.

According to PricewaterhouseCoopers' Katarzyna Czarnecka-Żochowska, the report shows that the tax system reform in Poland has been too slow. She says Poland's poor position in the league table results from its complex tax system and poor performance in terms of e-administration and e-taxes.
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