Poland determined to introduce uniform income tax in 2018

Written by on June 14, 2016 in Business - Comments Off on Poland determined to introduce uniform income tax in 2018

The Polish government has decided to introduce the uniform income tax, incorporating current Personal Income Tax (PIT), health premiums and social security premiums, as of 2018 and will forgo hiking standardized deduction in 2017 as it makes little sense to do it for one year, cabinet minister Henryk Kowalczyk said.

“Decisions on the standardized deduction have been made,” Kowalczyk told daily Dziennik Gazeta Prawna. “There will be a uniform tax and through its implementation we will realize the promised hike to the standardized deduction.”

The tax would be introduced in 2018 and the whole operation should be neutral for the budget, Kowalczyk added.

For the full story, please visit The Warsaw Voice.

(Photo: Marcin Rolicki/sxc.hu)

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