Poland/Economy/Taxes
Warsaw (Puls Biznesu) – In the ten months of this year, the tax inflows to the budget amounted to PLN 127.4 billion (EUR 30.4 billion), i.e.
82.5 percent of the planned amount. November and December will be good, too, experts believe. In the January-October period, VAT inflows amounted to PLN 52 billion, and excise duty brought PLN 30.6 billion to the state budget. In October only, the two taxes brought nearly PLN 10 billion. The same amount was noted in record April when before the new VAT law was going to be introduced, the Poles and the Polish companies bought much more than usually fearing upcoming price increases.
PIT inflows to the budget amounted to PLN 16.7 billion. The year plan provides for PLN 22 billion. CIT hit new record as after ten months the tax, lowered this year, brought PLN 9.9 billion, i.e. 104 percent of the amount planned for the whole year. ‘High tax inflows are, unfortunately, a sign that fiscal burdens grow’, Rafal Antczak, an analysts of CASE think-tank said. PLN 20 billion have to inflow to the state budget for the government plan to be fulfilled.
(PLN 1 = EUR 0.239)