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Poland’s New Tax Cuts to Cost Budget PLN15b Annually: PAP

March 24, 2022, 9:29 AM

Poland’s Finance Ministry sees cost of planned tax cuts for the budget at 15b zloty a year, PAP newswire reports.

  • Country plans to cut lower personal income tax rate to 12% from 17% starting in July, Prime Minister Mateusz Morawiecki says at press conference in Warsaw
  • Says the decisions to cut personal income tax and introduce other changes to the tax system are part of government’s push to help soften the effect of war in Ukraine on inflation
  • NOTE: Polish Finance Minister Quits After Botched Tax Overhaul

To contact the reporter on this story:
Maciej Martewicz in Warsaw at ...