Poland: Closure of public consultation regarding new amendments to “Polish Deal”

Additional possible amendments generally proposed to be effective on 1 July 2023

Closure of public consultation

The latest draft of the “Polish Deal” was published on 13 April 2022. The latest draft includes newly proposed changes originating from a public consultation process launched on 24 March 2022. Read TaxNewsFlash

The Polish Deal refers to legislation amending the income tax laws affecting corporations and individuals, as well as the value added tax (VAT) and other tax legislation, which was passed on 29 October 2021 and is generally effective as of 1 January 2022. Read TaxNewsFlash

The additional possible amendments, which generally are proposed to be effective on 1 July 2023, include:

  • Taxpayers who in 2022 apply flat tax or lump sum tax on recorded revenue would be allowed to switch to taxation on a tax scale.
  • The deadline for individual (personal) income taxpayers would be unified to make PIT-28 and PIT-28S annual settlements due 30 April of the subsequent tax year.
  • Tax-free allowance in advance payments would be made available to all remitters.
  • PIT-2 declarations could be submitted according to a pre-fixed template or in line with a method adopted by a given payer.
  • Expenses incurred in relation to acquisition of a historic real estate entered in the register of monuments or participation in such a real estate would not constitute the basis for reducing taxable income.
  • The Polish Social Security Administration (ZUS) would automatically refund the overpaid health insurance contributions (via annual return) if certain conditions are satisfied.

Read an April 2022 report prepared by the KPMG member firm in Poland

 

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