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Home NEWS the government has adopted a bill reducing personal income tax to 12%

The government has adopted a bill reducing personal income tax to 12%

On April 22, 2022, the Council of Ministers adopted a draft amendment to PIT, which reduces PIT from 17% to 12% for taxpayers subject to the tax scale and for entrepreneurs subject to flat rate tax, lump sum and fixed-amount tax card it allows to deduct part of health insurance contributions from the tax base.

The government wants to present ready regulations in June, so that some of them can enter into force on 1 July. The changes requiring adjustments by payers will come into force on 1 January 2023, so that there is time for the adaptation of IT systems.

The project was consulted with all interested industries and environments. Comments and opinions could be submitted from March 24 to April 2 this year. In the following week, they were discussed as part of working meetings, including the IT industry, with accountants, tax advisors and business. In the course of consultations, other solutions favorable to taxpayers were added to the original version of the draft.

The solutions adopted by the Council of Ministers include:

  • Reduction of the PIT rate from 17% to 12%;
  • Liquidation of the so-called middle-class relief;
  • Possibility of deducting a part of health contributions by entrepreneurs on flat tax, lump sum and fixed-amount tax card;
  • Joint settlement with a child in the case of single parents who will take advantage of 1.5 of the tax-free amount, i.e., PLN 45,000. PLN (single parents raising a child with disabilities will benefit from the double tax-free amount, i.e., PLN 60 thousand);
  • A number of other family-friendly preferences, including an increase of the amount of earnings that a child can earn without losing tax preferences by parents (from PLN 3,089 to PLN 16,061.28 in 2022);
  • Possibility of re-selection of settlement on the tax scale by those entrepreneurs who have chosen a lump sum or flat-rate tax;
  • Unification of the due dates of the annual PIT settlement (forms: PIT-37, PIT-36, PIT-36S, PIT-28, PIT-28S, PIT-36L, PIT-36LS, PIT-39, PIT-38). These declarations will be submitted from February 15 to April 30;
  • Uniform PIT-2 formula which will include statements and conclusions affecting the calculation of the advance payment;
  • Lack of health insurance contribution on the remuneration of persons appointed to perform social or civic duties - up to PLN 6,000 per year;
  • Lack of responsibility of the employer in the event of incorrect collection of advance payments for PIT due to incorrect information provided by the employee. Incorrect collection of PIT advance payments may occur in a situation where an employee submits incorrect declarations, for example with two employers, and each of them, when calculating PIT advances, will include the employee's full tax-free amount (although each of them should settle only half of from this amount).

The draft left unchanged favorable solutions that came into force on January 1, 2022, including a higher tax-free amount (PLN 30 thousand) and a higher tax threshold (PLN 120 thousand).

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