How much income tax do you pay in Poland?
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How much income tax do you pay in Poland?
Taxes in Poland are levied by both the central and provincial governments. Tax revenue in Poland is 33.9\% of the country’s GDP in 2017….Income tax scale in 2020.
| Annual income | Income tax |
|---|---|
| 0 PLN – 85,528 PLN | 17\% of income minus tax-reducing amount |
| over 85,528 PLN | 14,539.76 PLN + 32\% of the surplus over 85,528 PLN |
How much tax is deducted in Poland?
Poland uses a simple tax system, applying just two rates of tax, 18\% and, for incomes over Polish zloty (PLN) 85,528 (about $23,305), 32\%. The higher rate threshold has remained frozen for some years.
Are Polish taxes high?
Polish individuals earning 1.5 million USD per annum, pay on average 476,949 USD in tax (33.9\% effective tax rate) compared with an average of 661,576 USD in tax and social security contributions (44.2\% effective tax rate) among European countries.
Who is a tax resident in Poland?
Under Polish law, a tax resident of Poland is: an individual whose center of vital interests (center of economic or personal interests) is in Poland or, an individual who spends more than 183 days in a calendar year in Poland.
How much is cost of living in Poland?
What are general living expenses like in Poland?
| Total living expenses in Krakow⁷ | Average cost |
|---|---|
| 1 person, per month (without rent) | PLN2,193.12 |
| 4 person family, per month (without rent) | PLN7,322.23 |
| Utilities, basic, for 85m² apartment | PLN719.57 |
How do I become a tax resident in Poland?
Under Polish law, a tax resident of Poland is:
- an individual whose center of vital interests (center of economic or personal interests) is in Poland or,
- an individual who spends more than 183 days in a calendar year in Poland.