PolskiIncome tax of the Group was PLN 31.1 million in 2016 and PLN 28.1 million in 2015. The effective income tax rate in the periods under review was 19.2% and 18.8%, respectively, as compared to the standard Polish corporate income tax rate of 19%.
Income tax paid by the Group was PLN 21.1 million in 2016 compared to PLN 17.0 million in 2015. GPW paid income tax in monthly advances in 2016 and based on actual taxable income in 2015. As at the end of 2016, GPW reported a tax payable of PLN 15.6 million, which will be cleared in 2017.