Poland plans to cut personal income tax and allow some health insurance contributions as tax-deductible costs under a broad plan to soften the blow of high inflation and the war in Ukraine, the government announced Thursday.
The plan—dubbed by the government as “The Anti-Putin Shield”—would see a rate cut to 12%, from 17%, on annual personal incomes not exceeding 120,000 Polish zloty ($28,000).
It also introduces the ability to partially deduct health insurance contributions for individuals who opt for a flat income tax rate or lump sum tax, among other measures.
The plan is up for ...
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