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Taxation in Poland

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Taxation in Poland

Taxes in Poland are levied by both the federal and regional governments. Tax revenue in Poland is 31.7% of the country's GDP in 2009.[1] The most important revenue sources include the income tax, Social Security, corporate tax and the value added tax, which are all applied on the national level.

Income earned is generally subject to a progressive income tax, which apply to all who are in the workforce. For the year 2014, two different tax rates on income apply[2]
Annual income Tax rate
3091-85,528 PLN 18%
over 85,528 PLN 32%

Furthermore, a range of social security contributions apply to all in the workforce, which is shared by the employee and the employer. This insurance contributions is paid by both private and public employees until a certain cealing. For the year 2014 following tabel of rates apply[3]

Insurance policy Total Employee % Employer %
Pension Fund 19.52% 9.76% 9.76%
Disability Fund 8.00% 1.5% 6.5%
Bridning Pension Fund -
0-1.5%
Illness Fund 2.45% 2.45%
Accident Fund 0.67%-3.86%
0.67%-3.86%
Employees Benefits Fund 0.10%
0.10%
Labor Fund 2.45%
2.45%
Total (up to limit) 19.48%-24.17% 13.71% 19.48%-24.17%
Total (past limit) 5.67%–8.86% 2.45% 3.22%–6.41%

Value-Added Tax apply to most sale of goods in Poland. 23% is the normal rate.[4] Though lower rates of 8% percent, 5% percent also apply for foods stuff.[5] Furthermore some services are taxed at 0% tax rates or exempt from value-added tax.

References

  1. ^ "OECD - Tax GDP Poland". 
  2. ^ "KPMG - Income Tax". 
  3. ^ "KPMG - Poland Taxes". 
  4. ^ "KPMG - Poland: VAT essentials". 
  5. ^ "KPMG - Poland: VAT essentials". 
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