The Finance Ministry of Poland revised its standard and reduced rate of VAT for creating a single rate to simplify the VAT procedure. Poland’s current VAT rate is 23%; this rate will decrease in between 8% to5%. From 2016 this rate will further decrease by 22%.
Poland is one of the members of EU and standard VAT rate of EU countries must be at least 15%, so they are allowed to cut VAT rates up to 5% or above.
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