Polish budget revenues, including those from VAT, have been returning to their previous levels, giving the government the hope of collecting a similar sum for the state budget as last year, Deputy Finance Minister Sebastian Skuza told the Senate on Wednesday.
President Andrzej Duda on Thursday signed into law a number of regulations adjusting social and economic life to the rigours imposed by the Covid-19 epidemic. Among others, the new laws uphold to-date VAT thresholds at 23 and 8 percent.
Polish and Ukrainian finance ministers have signed a bilateral declaration on strengthening cooperation in fighting tax fraud and carousel VAT fraud, the Polish Finance Ministry reported on Friday.
The government wants to spend an extra PLN 5.5 billion (EUR 1.25 billion) on COVID-19 pandemic countermeasures in 2020, according to a Wednesday press statement.
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.