Poland austerity VAT hike
Poland has become the newest European country to increase its indirect tax rate to help cope with financial crisis and Euro currency crisis. Its standard rate will rise from 22% to 23% on 1 January 2011.
The reduced VAT rates of 3% and 7% will rise to 5% and 8%, respectively.
Poland’s VAT rate had been constantly at 22% since its 1993 introduction.
VAT Calc’s global VAT and GST rates checker provides live indirect tax rates from around the world. Other Europeans forced into austerity VAT rate changes include: UK, Finland, Romania, Ireland.