Poland to Cut Personal Income Tax Rate to 12% From 17%

Polish government will reduce the lowest personal income tax rate to 12% from 17% to compensate for elevated inflation caused, in part, by war in Ukraine, Prime Minister Mateusz Morawiecki says at news conference in Warsaw.

• The government plans to introduce the tax cut from July 1; will also scrap the so-called middle-class tax break that has been criticized as complicated
• NOTE: Changes follow a botched tax overhaul introduced at the beginning of this year
• NOTE: Poland to Slash Levies to Curb Inflation and Ire Over Taxes (1)

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Dorota Bartyzel in Warsaw at ...