Domestic
21:29 13 May 2024
Post by: WBJ

Gov’t considering doubling tax-free amount of PIT to PLN 60,000 yearly

Gov’t considering doubling tax-free amount of PIT to PLN 60,000 yearly
Source: Pexels

The government is considering doubling the tax-free allowance, potentially raising it to PLN 60,000 annually and PLN 5,000 monthly. This adjustment, applicable to all income subject to the income tax scale, including pensions and disability benefits, would cost the state budget and local governments around PLN 52.5 billion.

The Ministry of Finance estimates this increase would reduce public sector income tax revenues by approximately PLN 52.5 billion. A decision will be made after a thorough audit of public finances to ensure stability and economic security. Any changes will undergo extensive consultations due to their significant impact on citizens' financial well-being and the economy.


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