Tax allowance to not be changed this year

Paweł Szałamacha, the finance minister announced that the government will not take care of reforming the tax allowance law this year, the Puls Biznesu daily reported. "We will not increase the amount of income exempt from tax in 2016," Szałamacha said adding that one of Law and Justice's campaign promises will be on the government's agenda within following years. The income tax threshold was increased in 2006 for the last time. Since March 2008 to March 2014, prices have grown by 17.9 percent. 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. In late October, the law was ruled unconstitutional by the Constitutional Tribunal and its validity expires on November 30, 2016.