Poland Reduces Penalty Rates for Late Tax Payments

The Polish Ministry of Finance, by Decree No. 269 of March 6, announced new penalty rates for late tax payments:

1) penalty rate for late tax payment is 10.5% of the amount of the debt per annum (previously – 11%);

2) reduced penalty rate for late tax payment is 5.25% of the amount of the debt per annum (previously – 5.5%);

3) increased penalty rate for late tax payment is 15.75% of the amount of the debt per annum (previously – 16.5%).

Decree No. 269