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Polish Government Approves Income Tax Cut For Low Earners

by Ulrika Lomas, Tax-News.con, Brussels

25 July 2019


On July 16, 2019, the Polish Government adopted draft legislation to reduce the lowest personal income tax bracket by one percent to 17 percent.

The proposals mean that the first PLN85,528 (USD22,550) of personal income will be taxed at 17 percent instead of 18 percent, effective October 1, 2019.

According to the Government, the change will apply to income subject to the progressive personal income tax regime, including income from employment, the business income of natural persons including from partnerships, pension income, and income from property rights.

The adoption of the proposed measure follows approval by both houses of parliament of legislation to increase the tax allowance for young workers effective August 1, 2019.

Under these changes, employees aged under 26 years will be exempt from tax on income up to PLN35,636.67 for the remainder of 2019 (the period from August 1 to December 31, 2019). For these taxpayers, the tax-exempt allowance will be PLN85,528 per year from January 1, 2020.

TAGS: tax | business | employees | legislation | tax rates | Poland | individual income tax

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