Poland Proposing Tax-Free Investment Accounts to Boost Economy

Poland is proposing to introduce tax-incentivized investment accounts to boost the country’s growing economy, the country’s finance ministry announced Tuesday.

The Polish Ministry of Finance is considering introducing a voluntary Personal Investment Account, or OKI, that would allow residents to invest tax-free up to 100,000 Polish zloty ($27,000) in investments on the capital market, including up to 25,000 zloty in deposits and savings bonds.

For investments above that, an asset tax of 0.8%-0.9% of the investment value would apply.

• The accounts are modeled on a similar system in Sweden the country introduced in 2012 and is now used ...