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Taxation In Poland
Taxes in Poland are levied by both the central and local governments. Tax revenue in Poland is 33.9% of the country's GDP in 2017. The most important revenue sources include the income tax, Social Security, corporate tax and the value added tax, which are all applied on the national level. Income earned is generally subject to a progressive income tax, which applies to all who are in the workforce. For the year 2014, two different tax rates on income apply Value added tax (VAT) In 1993, Poland implemented its Value Added Tax system. Polish VAT is overseen by VAT acts and the Fiscal Penal Code, and is enforced by the Ministry of Finance. Value-Added Tax applies to most trade in goods in Poland. 23% is the basic rate. Lower rates of 8% and 5% also apply for foodstuffs. Furthermore, some services are taxed at 0% tax rate or exempted from value-added tax (eg. financial and postal services). Income tax scale before 2017 Income tax scale in 2017 In 2017, tax rates were changed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |