Min of Finance defends CIT increase for banks citing social justice
Poland’s Ministry of Finance is pushing ahead with a sharp rise in the corporate income tax for banks, raising the rate from 19% to 30% in 2026 before lowering it to 23% by 2028. The ministry rejected objections from banks, regulators, and the NBP, arguing that record profits and strong capital buffers mean the sector can absorb higher costs without harming credit supply. Banks counter that the move could cut lending capacity by around PLN 125 billion.
The government frames the change as both temporary and socially just, helping fund defense spending while ensuring banks benefiting from extraordinary profits bear greater fiscal responsibility.
(pb.pl)
