Poland Reduces VATs on Ag, Energy Goods
Poland recently revised its value-added taxes for some food, agricultural and energy goods, which could impact imports, KPMG said Jan. 31. The country eliminated the 5% VAT rate on various food items, including fish, dairy products, vegetables, fruit, cereals, baked…
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goods and some beverages, the firm said. It also eliminated VATs on fertilizers, pesticides and potting soil and reduced VATs on diesel fuel and motor fuels from 23% to 8%. The new VAT rates are in effect through July 31.