“Finally, the situation is normal. It was a scandal to lead to a situation when everything was vague”, Jacek Bielecki, general director of the Polish Association of Homebuilders said.
“We have managed to avoid a disaster. Without this law, we would have a boom in the last months of this year, and then a big drought. In result, the market would face turmoil”, Pawel Majtkowski from Expander consulting company added.
The 7-percent VAT rate will also cover flat and house modernization. Part of expenditures for construction materials will also be taxed with 7 percent. After Sejm, it is time for Senate to approve of the amendment. Senate members will discuss it on September 13th.