The reduction of the basic PIT rate to 17%
Yesterday, the Polish government adopted a bill to reduce the basic PIT rate from 18 to 17%. According to average calculations, Poles will have around 50 PLN more in their wallets. 25 million Poles will benefit from the changes. The only minus is the decrease in revenues to the state budget by over 9 billion PLN per year. The PIT reduction to 17% will apply to income earned from January 1, 2020.
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