22:30 15 July 2026
Beam tax may be on its way out
Nearly 46% of Poles have no savings, according to CBOS, highlighting both financial pressures and limited confidence in long-term saving. Poland’s 19% capital gains tax, commonly called the Belka tax, applies to interest, dividends, investment funds, securities, and cryptocurrency profits and generated more than PLN 9 bln annually in recent years. Critics describe it as a penalty on saving, particularly during periods of high inflation. The government now proposes voluntary Personal Investment Accounts, or OKI, modeled on Sweden’s system.
The plan would exempt up to PLN 25,000 in savings assets and PLN 100,000 in investment assets from taxation. Officials hope the accounts will encourage retail investment and attract PLN 60–100 bln within three years.
