MF: Local government revenues from PIT in ‘24 higher by 39.9% y/y
14:38
In 2024, local government revenue from personal income tax (PIT) is expected to increase by 39.9% compared to 2023, according to the Ministry of Finance. Similarly, revenue from corporate income tax (CIT) is projected to rise by 20.9% year-over-year. This significant increase in expected revenues will provide local governments with a larger budget compared to the previous year.
The forecasted growth is attributed to higher shares in tax revenues, benefiting local government units, including the Upper Silesian-Zaglebie Metropolis.
