Polish VAT

Posted on: 09/07/2015

On 8th July 2015, Poland’s government announced plans to cut the standard Polish VAT rate from 23% to 22% from 1 January 2016.  The decision to bring forward the cut came about as Poland left the EU's excessive budget deficit procedure recently.  The cut will cost around €1.5 billion per annum. Poland has had a relatively good financial crisis, and was the only economy not to go into recession.

Nevertheless, since it had signed-up to the Euro currency convergence criteria, it was required to keep its budget deficit below 3% of its GDP. As the European markets slowed following the 2007/8 credit crunch, this forced Poland to raise its VAT rate from 22% to 23% in 2010, and raise its reduced VAT rate to 8%. Poland’s deficit hit 10% of its Gross Domestic Product in 2010.  The latest deficit forecasts show that it can reach the Euro entry criteria comfortably.


International Trade Up-dates into your inbox twice a month

What to keep up to date on customs and international trade issues – subscribe to our OneCall service which combines regular practical updates (Did You Know?) and a helpline support service. MORE INFORMATION

Link to sign up for Spotlight

Subscribe to our free information emails covering international trade topics .... Spotlights on key topics SAMPLE      

CLICK HERE to subscribe


Export Essentials

Import Essentials

Essential Guide to Customs Procedures

Advanced Guide to Customs Procedures

Diploma in World Customs Compliance Procedures

< Back to our Import and Export News

Contact Strong & Herd
to discuss your requirements
0161 499 7000
0161 499 7100
Strong & Herd LLP, Manchester International Office Centre
Styal Road, Manchester, M22 5WB