Poland MOF Clarifies Taxation of Rental Income for Companies, Individuals

The Polish Ministry of Finance July 12 clarified the taxation of rental income for companies and individuals. The clarification includes: 1) corporate taxpayers can elect a flat tax on rental income for 2022, if they originally chose a lump sum on recorded revenue in the 2022 settlement; 2) taxpayers can chose the flat tax after the end of 2022 for the entire year, or until Aug. 22 for the second half of the year; 3) the flat tax is 12 percent with an exemption threshold of 30,000 Polish zloty (US$6,229) and a tax threshold of up to 120,000 zloty (US$24,918); ...