Poland Eyes up to PLN 700m in Annual Receipts from Banking TaxPosted May 31st, 2011 in Business news by Ela Pawełek-Lubera
Poland eyes 500-700 million zlotys in annual receipts from a banking tax it wants to introduce, a justification to the bill on the tax the Polish news agency PAP got acquainted with shows.
“The bill assumes creation of a Stabilization Fund within the public finance sector,” the justification reads. The stabilization Fund would be financed with “precautionary fees” from financial institutions.
The precautionary fee is aimed at increasing stability of the Polish banking sector and will be collected from Polish banks, Polish branches of foreign banks and from credit unions.
The government wants the bill to pass through the Parliament still within this term, which ends in the autumn, a Finance Ministry official familiar with the matter told PAP.