04.28.22

Taxation of financial services

The Polish Ministry of Finance has permitted the taxation of any financial services that businesses provide from 1st January 2022.
The main effect of this is that many businesses will be able to deduct VAT from goods / services purchased, thus providing a financial benefit. Taxation of financial services is optional rather than mandatory.
Financial services for retail clients are still exempt- meaning that any consumers should not see an increase in prices.