Poland Increases Personal Tax Allowance for Lower Income

Poland has approved changes to the personal tax allowance (credit) that replaces the fixed personal tax allowance of PLN 556.02 for individual income tax purposes with a new allowance calculation that provides a larger allowance for lower incomes and no allowance for higher incomes. The result of the changes will apply as follows:

• For income up to PLN 6,600, an allowance of PLN 1,188 applies, resulting in a tax exemption (PLN 1,188 / 18% tax rate = PLN 6,600);
• For income over PLN 6,600 up to…