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…