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Poland: Domestic Taxation

Tax System

Corporate income tax is imposed at a rate of 19%; capital gains, including those derived from the sale of publicly traded shares and state bonds, are treated as part of a company's profits and are taxed accordingly.

Advance payments of corporate income tax are payable by the 20th day of the following month, although the rules differ with regard to the last monthly advance payment, which should be made with the preceding month's payment. Annual returns must be submitted within three months after the end of the tax year, and the balance of any corporate income tax liability is also payable at this point.

In Poland VAT is applied to supplies of goods and services within the country and exports and imports, both from within the EU and from countries outside of the Union. From January 2011, following a 1% increase to the standard rate the VAT rates are 23%, 8%, 5% (applies to certain food, printed material such as books and newspapers and some services). There are also various exemptions, including for some transactions relating to land and construction, second hand goods, and certain financial and educational supplies.

VAT returns are generally filed either monthly or quarterly.

Excise duties are imposed at different rates on the sale, production and importation of various goods, as outlined in the Excise Duty Law (which include cars, tobacco products, alcohol, electric power, and fuel).

Additional taxes faced by corporations in Poland include the tax on civil law transactions, which is imposed on certain contracts. There are also local property taxes in place.

 

 

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