Skip to content
Advertisement

Business

Kowalczyk: Scale of income tax threshold till November 30

11:20

Head of the Standing Committee of the Council of Ministers Henryk Kowalczyk has officially announced the law on the personal income tax threshold will come into force on January 1, 2017. Meanwhile, the decision about the increase's scale will be taken only in the second half of this year. "The real scale will be assessed when we see the effect and influence of tax system. We have time until November 30 to adopt a law on the amount of income tax threshold, " said Kowalczyk in an interview with TVN24. The law on the personal income tax threshold was ruled unconstitutional by the Constitutional Tribunal last year and its validity expires in October. According to the Tribunal, the law doesn’t include a mechanism that would automatically increase the tax threshold to a level corresponding to the poverty line. Currently, the tax threshold is set at PLN 3,089 a year, while the poverty line, below which it is impossible to survive stands at PLN 6,504.

More from Business All