PAY OR DIE: TAXES PAID BY COAL PRODUCERS

As Benjamin Franklin said, “in this world nothing can be said to be certain, except death and taxes”. While fighting for survival and delaying its doom, Polish hard coal mining sector paid last year 6.5bn PLN of various impositions to State’s Treasure and local communes.

More than 40% of that was covered by Kompania Weglowa (2.7bn PLN), in which payments for Social Insurance Institution (ZUS) was 1.27bn PLN and VAT was 0.84bn PLN. Comparing with 2012 (latest accounting year when the whole industry recorded profit) total amount of taxes paid by KW decreased by 39% (rates stand still, the base is lower).

Employment-related impositions takes around 60% of all taxes paid by Kompania Weglowa. In total, Polish hard coal mining is paying 34 different types of taxes and other fees, including: excise tax, property tax, forest tax etc.

In 2012, among top10 State owned taxpayers, coking coal producer Jastrzebska Spolka Weglowa took 5th place with 275m PLN of  corporation tax paid. A year later JSW vanished from that list.

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