Sejm deputies' proposal for taxpayers to declare worth of personal property

A group of 16 Sejm-deputies has filed a draft of an amendment to the tax law, according to which taxpayers would have to disclose their personal property. Under the proposal, taxpayers owning property worth less than zl. 25,000 would not have to file a declaration, while taxpayers with property up to zl. 200,000 would only declare that their holdings are worth no more than that amount. The remaining taxpayers, however, would have to file a full declaration of their personal property and savings, including addresses and date of purchase of real estate, data from vehicle-registration certificates, and nominal value of bonds and shares. The aim of the draft amendment is to cover the income that is now hidden from the tax office and to reduce tax fraud. The group says Poland currently has a low collection rate for income tax. (Gazeta Wyborcza, page 17) T.J.