Bank tax. KNF: Financial institutions paid more than one billion zlotys – Cable Republic

As reported the Financial Supervision Commission, the first four months of the so-called. Commercial bank tax base paid 1 billion 173 million zł.

The data collected by the KNF are based on a questionnaire which the Commission sent earlier to the banks. Calculations shows that due to the existence of the so-called. bank tax in February 2016. entities paid 304 million zł, in March, 300.6 million zł, in April of 283.7 mln zł, and in May, 284 million zł. As pointed out by the KNF, the share of banks’ assets, paying tax in the sector’s assets is 75 percent.

The law on bank tax by PiS in force since February 2016. Its provisions provide that, among others, banks, insurance companies, credit unions and loan companies will be levied on the so-called. bank tax, ratio of 0.44 percent per annum. the value of their assets. Law and Justice deputy prime minister said in July 2015. That the bank tax will be one of the sources of funding of pro-social programs.