Poland
Basic foods VAT re-instatement
Increasing inflation in the country had forced Poland’s hand to impose a 0% VAT on basic food products, down from an initial rate of 5%. Spiralling inflation, contributed in part by the Russia / Ukraine conflict, resulted in increased economic burdens for residents, which in turn compelled the Polish government to reduce the VAT rate.
However, inflation Poland has abated, following a similar paradigm shift seen across the continent. From an initial high of over 18%, it has now reduced to 4%. This directly impacts fiscal policy.
From 1 April 2024, the Polish government will re-impose the 5% VAT rate on all basic food products.
Poland is compliant territory for Tungsten Automation and our e-invoicing solution supports all valid VAT rates in the country.
Tungsten Automation is also planning to accommodate Poland’s upcoming B2B e-invoicing mandate. You can read more about that here.