Poland: VAT Likely to be Reduced

People ♦ Published: April 22, 2014; 12:00 ♦ (Vindobona)

As announced by Polish Finance Minister Mateusz Szczurek, the government plans on cutting the VAT rate to 22 percent in 2017.

After the VAT rate was increased in 2011 in response to the financial crisis it could be lowered again in 2017. / Picture: © Vindobona.org

On the question about the government’s procedures towards a reduction of the VAT rates the Polish Finance Minister explained: “That is the plan that will be written into the convergence plan update." According to Szczurek, a tax cut would reduce the VAT by one notch to 22 percent, the rate before fiscal consolidations in 2011 were carried out due to the financial…