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Finmin Szczurek sees big savings from tax reforms

PR dla Zagranicy
Jo Harper 14.09.2015 16:01
Finance Minister Mateusz Szczurek said on Monday that the net cost for taxpayers from the government’s announced changes to the tax system in Poland would be PLN 10.2 billion (EUR 2.4 billion).
Finance Minister Mateusz Szczurek. Photo: PAP/Radek PietruszkaFinance Minister Mateusz Szczurek. Photo: PAP/Radek Pietruszka

"According to our estimates the net cost, and therefore the benefit for taxpayers with such a change, is PLN 10.2 billion. This will require savings on the expenditure side at this time before the solution enters into force, but it's worth the expense," Szczurek told reporters.

In July Szczurek said that the government had prepared a draft proposal to cut taxes. Szczurek said then that “Polish CIT tax rate is among the lowest in Europe….What we need to do with regard to CIT, is to ensure that the rules of the game are the same for all. Those, who run businesses in Poland need to pay taxes in Poland and it is important to make sure that everybody pays the same taxes and that the integrity of competition is protected.”

On Saturday Prime Minister Ewa Kopacz promised “sweeping changes” to Poland's tax, insurance and employment systems during a convention of the ruling Civic Platform party, six weeks before the general election.

Kopacz pledged to introduce a flat personal income tax rate (PIT) of 10 percent. At present, the level is 18 percent for employees who earn between PLN 3,091 and 85,528, and 32 percent for those who earn more than PLN 85,528. (jh)

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