Polish Individual Tax Support Measures Signed into Law Including Personal Tax Rate Reduction

Poland's Ministry of Finance has announced that the Act amending the Act on Personal Income Tax and certain other acts was signed into law by President Andrzej Duda on 14 June 2022. As previously reported, the Act includes a package of tax measures primarily focused on supporting individuals and generally enters into force on 1 July 2022. One of the main measures is a reduction in the lower bracket personal income tax rate from 17% to 12%, with the upper rate unchanged at 32%. Further, the i…