Proposed tax bill keeps rates as is, reductions possible in 2002 at the earliest

Next year there will be no changes in the tax rates. The rates will remain at 19, 30 and 40%. The government decided it will keep the majority of the tax breaks, including the construction exemption. The government will vote in Sejm for the elimination of the rental apartments construction tax break, the private disability pension tax break and the investment tax break which according to deputy Finance Minister Jan Rudkowski is not a big break. Rudkowski also said that the government will support changes that would simplify the taxation system. The earliest for lowering tax rates is 2002. The first reading of the tax proposals is to take place this week. (Gazeta Wyborcza, page 22)