News and stories about Poland as reported around the world
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Monthly Archives: July 2010

Poland delays deficit cut, eyes VAT hike

Poland does not need “radical” measures to bring its public finances back under control, Prime Minister Donald Tusk said on Friday, but he confirmed plans for a temporary hike in value-added tax and a cap on state spending.

Under a long-term financing programme due to be approved next Tuesday, his centre-right government will delay cutting its budget gap to the European Union’s 3 percent of GDP ceiling by a year to 2013 but borrowing needs are seen falling thanks to a planned $18 billion sell-off of state assets. Continue reading

Poland Mulls Tax Hike to Lower Deficit

Poland’s center-right government is beginning to talk of raising taxes to help reduce the budget deficit and public debt that, on its watch, have risen to unprecedented levels. The ruling Civic Platform party has never seemed closer to abandoning its flagship low-tax agenda, faced with debt nearing Poland’s legal limits after tax cuts of previous years and the global financial crisis taking its toll on economic growth and budget revenue. Continue reading

Polish State Still Suspicious of Things Digital

What do you need to send invoices by email so that they are recognized by the tax office? Not necessarily an electronic signature, no. In Poland, you need to print your electronic invoice and make the paper look like it came in an envelope. Fold and unfold a few times, and there’s the low-tech answer to the Polish government’s suspicion of things digital. Continue reading

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