The next batch of Poland's anti-crisis solutions will focus on the country's social insurance institution (ZUS), micro and large companies and VAT exemptions on books, PM Mateusz Morawiecki announced on Saturday.
Polish Prime Minister Mateusz Morawiecki, in an opinion piece published on the Financial Times website on Wednesday, spoke against cuts to the European Union budget, arguing that they could weaken Europe.
Poland's Finance Minister Tadeusz Koscinski has met with British officials in London to discuss development of global markets, strengthening Polish-British trade relations, Brexit, enhancing cooperation between tax services and counteracting VAT fraud.
Polish Finance Minister Tadeusz Kościński has invited his EU peers to come to Warsaw to discuss a declaration on joint fight against VAT fraud, Kościński's deputy Jan Sarnowski has told PAP.
With the finance ministry estimating it will have recouped a total of around PLN 25bn in 2016-2018, Polish Economic Institute director, Piotr Arak, told TFN: “This is one of the biggest success stories in the EU.
Poland's budget surplus after September 2018 amounted to PLN 3.2 billion (EUR 740 million), the Finance Ministry announced in a press release on Wednesday.
In mid-2016, the Polish Ministry of Finance set out to reduce the VAT gap to around 15 percent over the next three years. By 2017 it had gone down to 14.0 percent.
Minister of Finance Teresa Czerwińska says her ministry will seek to lower VAT on electronic publications as soon as possible, adding that if everything goes smoothly, the new rate could even apply from the New Year onwards.Poland plans to slash VAT on e-books, adapting its regulations to today’s increasingly digitised reality and supporting reading.
Poland’s soaring VAT receipts, fuelled by the government’s tax collection drive and fast economic growth, are probably running out of steam, said economists in analysis disputed by the finance ministry.