You make more than $6,000? You can get money of PLN 3.6 thousand

Donald Tusk undertook to increase the tax-free amount from the current PLN 30 1000 per year to PLN 60 1000 per year. This extension will affect the wide spectrum of taxpayers, including not only those utilizing the progressive-scale taxation system, but besides entrepreneurs and pension recipients. However, the top benefits of this change will be for those with higher incomes.

This proposal by Tuska aims to alleviate the taxation burden for many Poles and increase their disposable income. The introduction of a double tax-free amount to PLN 60 000 per year means that people earning below this amount will not be obliged to pay income tax. This is simply a relief especially for those with lower incomes, including pensioners who collect low pensions due to the fact that they will avoid taxation burdens.

Additional money for Poles

Donald Tusk's pre-election promises included many taxation cuts and taxation breaks. 1 of these promises was the elimination of the wellness contribution, which in fact was an additional tax, the abolition of taxation for people earning up to PLN 6 1000 gross per period and the increase of the tax-free amount from the current PLN 30 1000 to PLN 60 thousand.

"Legaartis.pl" decided to take a closer look at the second issue and asked taxation experts about the possible financial benefits of specified a change. The experts agreed: all taxpayers will benefit from this change, but those whose income exceeds PLN 6 000 gross per period will gain the most. Their savings per year can scope up to PLN 3.6 1000 compared to the current regulations.

When the taxpayer's income exceeds PLN 6080 gross per month, it besides exceeds the yearly taxation base of PLN 60 thousand. Interestingly, despite exceeding this amount, income taxation is inactive not charged. In practice, this means an advantage of PLN 3600 per year, resulting from an additional tax-free amount increased by PLN 30 1000 and an income taxation rate of 12%.

However, it is worth noting that despite talking about a tax-free amount of PLN 30 000 per year, the situation is somewhat more complicated. presently there is simply a mandatory wellness contribution, which is charged from each earned gold. In practice, it is simply a kind of hidden taxation that imposes on taxpayers. The future government has promised to consider this issue.

But this is not the end of the benefits. The tax-free change is besides good news for pensioners. Those who quit up to PLN 5 000 per period will not gotta pay income tax.

Ignacy Michałowski

OSINT investigator with experience in global journalism projects. It has been publishing materials for over 20 years for the largest releases. In social activities he engaged in various projects and initiatives aimed at improving the quality of life of people, especially those of mediocre communities. He was besides active in the fight for human rights. Contact: [email protected]