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Tax and taxation have an increasingly crucial role

Roman Namyslowski 05 Nov 2015

This year’s parliamentary elections are probably the first ones where the question of taxes and taxation plays such an important role. Taxand Poland discusses.

A fight with frauds, a fight with the draining of Polish tax system by corporations and banks – are only some of the postulates of election committees taking part in the game of Parliament.

The proposals of the Law and Justice (Prawo i Sprawiedliwość) seem interesting and real among the multitude of electoral schemes:

• introducing taxes to large department store chains and financial transactions. Still, these mean nothing when compared to planned changes in VAT. A draft of a new act on VAT has been put onlin, and can come into force already on 1 January 2016

A quick analysis of the draft, containing 441 editorial units (articles), shows that under the subject of VAT taxation are, among others, profits gained by a tax payer as a result of economic transactions aiming at obtaining tax advantages in a tax.

Discover more: October newsflash

Taxand's Take

Companies operating within Poland should take note of all these developments, especially if they are a large department store chain.

Article tags

Indirect Tax | Poland