The state budget received through the revenue office over PLN 376.3 million in VAT and PLN 226.6 million in personal income tax. Moreover, in 2012, JSW paid nearly PLN 220.6 million in corporate income tax. Last year, the company was no longer required to return 15 percent of the profit contribution because since IPO it ceased to be wholly owned by the Treasury.
Some of the money paid as income taxes, goes indirectly to the municipalities and counties with JSW staff. In addition, last year municipal budgets received nearly PLN 32.7 million of property and means of transport tax, and almost PLN 13 million of operating fee. The remaining PLN 8.6 million of operating charge has been given to the National Fund for Environmental Protection.
Significant cost item in 2012 were also payments to the State Fund for Rehabilitation of Persons with Disabilities – it was PLN 22.6 million.
The largest cost item last year was PLN 865 million in contributions transferred to the Social Insurance Institution (about PLN74 million more than the year before). Nearly PLN 3.8 million has been paid for perpetual usufruct of land, another PLN 1.2 million for ecology tax and PLN 741,000 of excise.
Nearly 1.8 billion in taxes and fees
In 2012 JSW paid, considerable amount of almost 1.8 billion of taxes and fees.