Increased tax burden about to hit the self-employed

All Personal Income Tax (PIT) payers will feel the negative impact of the new tax regulations proposed by the Finance Ministry when, from 2005 they will have to give much more of their income to the tax office. According to analysts, the group most likely to be hit will be the 360,000 self-employed PIT payers. The heavier tax burden is a result of the introduction of new regulations on lump tax payments. The self-employed will have the right to deduct only zł. 1,227 (in some cases zł. 1,840) a year from their taxes, conditions much worse than those in effect at the moment. The new bill also introduces taxation on benefits and financial support from social organizations, as they will be added to annual income of the taxpayer and listed in their annual tax return (Rzeczpospolita, p. B1) J.K.