On Friday, October 29, the House of Representatives finally passed the law known as the New Tax Deal. The tax-exempt amount increases to PLN 30,000. PLN annually and raises a higher tax threshold – from about 85 thousand. Polish zlotys amount to 120 thousand. zloty. According to the previously referenced draft, pensions amount to 2.5 thousand. PLN will be exempt from tax (this is the effect of the free amount), but quite unexpectedly – because it was not included in the draft – the House of Representatives also issued a new tax relief for retirees, called PIT-0 for seniors. What is it and who will benefit from it?
Breaking news!
On October 29, the Sejm finished work on the tax part of the Polish deal. The law will now be signed by the president, and after his signature, it will be published in the Journal of Laws, which will complete the legislative process.
In simplified terms, it can be said that PIT-0 for seniors is a tax tool similar to the current zero PIT for youth, and in the new tax system from 2022 it will also be used by families with four or more children – PIT-0 for families 4+.
PIT-0 for the elderly is an incentive to stay in the labor market. They will use it Full-time employees, contract workers and businessmen (balance, “ruler” and lump sum) who, despite having received the right to retirement, will withdraw from its receipt and continue their professional activity.
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