Poland: A further increase in interest rates for late VAT payments
A further increase in interest rates for late tax payments, including VAT payments, encourages businesses with Polish VAT obligations to file returns and pay liabilities promptly.
The increase in the interest rates is as follows:
| Types of interest rate | New interest rate |
| Standard Interest Rate | 16.5% per year |
| Reduced Interest Rate | 8.25% per year |
| Increased Interest Rate | 24.75% per year |
In case of a failure to submit and pay VAT obligations, as reflected in an audit finding, the increased interest rates for VAT and customs duties shall apply.
Source: www.gov.pl
