We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » February 2, 2018
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
VAT changes possible
February 2, 2018   
Article's tools:
Print

The Polish government may decide to reduce the basic VAT rate to 22%, while at the same time changing the distribution scheme of 5% and 8% rates for goods and services, the daily Dziennik Gazeta Prawna says, citing its unofficial information from the ministry of finance.
The government would thus solve its pending VAT dilemma as the standing legislation assumes coming back to lower VAT rates as of 2019, unless the policy makers decide to prolong the current higher rates in a move that would be difficult to defend due to the very good economic situation.
Keeping the higher rates, however, is what the government is more likely to do as lower VAT rates would mean ca. PLN 7 billion less in state's yearly revenues, Millennium bank's economist Mateusz Sutowicz observes. Reducing VAT should be treated as a safety measure, to be used in times of an economic slowdown as a stimulant, BZ WBK's economist Marcin Luzinski adds.
© The Warsaw Voice 2010-2015
E-mail Marketing Powered by SARE