LPP’s contribution to the economy - taxes

Impact on the domestic economy

We strive to develop our company in a responsible manner on many levels. One of them is caring for the national economy and paying taxes to support it. It is obvious to us, because the company was established in Poland, it is where we create the collection designs for our brands and it is where the strategic decisions concerning the company are made. In Poland we also have well-developed structures responsible for such things as distribution and IT.

Apart from paying taxes in Poland, LPP also contributes to the development of the domestic economy as an employer, currently employing almost 24,000 people in Poland (and more than 19,000 people worldwide). We also care for good relations with the environment, cooperating with universities and social organisations. In this way we gain a positive influence on the social and economic sphere of the country, including local communities.

LPP also pays taxes and duties on exports mostly in Poland, thus contributing hundreds of thousands of PLN to the state budget.

In this way we directly contribute to the economic development of our country and, moreover, by increasing our presence in foreign markets, we promote Polish creative thought on the international level. We are incredibly proud of these activities.

In previous years, there were also significant increases in payments resulting from particular obligations or types of taxes paid. In 2017, LPP paid PLN 41.7 million of CIT, compared to over PLN 329 million in 2023.

We paid almost PLN 158 million to the state budget from customs duties in 2017 and more than PLN 215 million six years later. This growth is due to the fact that we are expanding into increasing numbers of foreign markets with our products. Over the years, LPP has paid larger amounts of social insurance contributions - in 2017 it amounted to over PLN 60.3 million, and in 2023 it went over PLN 243.6 million.

The companies ahead of us in this ranking are mainly banks and companies that operate in the broadly defined financial industry. Among representatives of the commercial sector, we are in the top group of companies that pay their taxes in Poland.

Being true to a long-standing tradition is very important to us. Therefore, while developing our activities we remember to settle the taxes of LPP in the country where our activity is centred, i.e. in Poland. The awareness that we belong to the largest CIT payers in the country makes us even more proud of our operations.