July 21st, 2019 AAAA
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24/17°C
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19/20°C
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Poland to cut income tax from 2020

July 9th, 2019

The Polish government plans to lower the basic rate of personal income tax (PIT) to 17 percent from 18 percent and to double tax-deductible labour expenses for taxpayers from 2020, the cabinet's legislative agenda shows. The higher income tax bracket of 32 percent, applicable to annual income above PLN 85,528 (EUR 20,145), will remain unchanged. The preferential tax rate will apply to workers and pensioners as well as entrepreneurs paying the PIT tax. The Finance Ministry also plans to at least double the tax-deductible labour expenses, whose basic rate is now at PLN 1,335 (EUR 344) annually.


PAP

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