Poland confirms VAT rate not to drop back to 22% in 2013
- May 1, 2013 | Richard Asquith
The Polish Minister of Finance has this week confirmed that the Polish Value Added Tax rate will not reverse back from the current 23% to 22%.
The Polish VAT rate originally rose 1% in 2011 as part of an effort to control a rising deficit following the collapse of key Euro economies. It was intended that this was a temporary, three-year measure until the economy stabilised.
However, as the Polish trading partners’ economies continue to suffer, and EU exports are down, the VAT decrease will not go ahead until at least 2016.