Polish President Backs Bank-Tax Increase Bill in Nod to Tusk

Polish President Karol Nawrocki signed off on a bill on Thursday raising corporate income tax for banks, paving the way for the government to shore up the country’s strained budget.

The Finance Ministry seeks to raise an additional 11.3 billion zloty ($3.1 billion) over the next two years from the higher levy in a bid to rein in a record deficit. That comes amid a surge in military spending to bolster Poland’s army as Russia continues its full-scale invasion of neighboring Ukraine.

The new regulations are poised to come into effect at the start of 2026, increasing the CIT rate ...