Donation tax. Do you have to pay for the Christmas presents you received?
In October 2022, the regulation of the Minister of Finance came into force which introduced changes regarding the value of donations, income thresholds and tax rates that must be paid when a certain amount is exceeded.
Current limits for individual tax groups they are various. Are the following:
- I tax group (children, parents, grandparents) – PLN 10,434,
- II tax group (aunts and uncles) – PLN 7,878,
- III tax group (unrelated persons) – PLN 5,308.
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See also: Other tax changes. The Polish Order reminds you of itself
This means that if we receive a gift that exceeds the limit indicated in the regulation, we are forced to pay taxes. It is worth noting that even gifts of lesser value must be paid a certain amount if we have received so much money from a particular person over the past five years that after adding up the gifts, the maximum limit was exceeded.
According to “Strefa Biznesu”, one can avoid paying taxes on the surplus, but only in the first tax group. For this to happen, you must notify the tax authority that you have received the donation within six months. Furthermore, the money must then go directly to the account.
Giving, for example from my mother, PLN 20,000 in cash to your child … he will not fulfill this condition! Therefore, the gifted child will be obliged to tax the donation amount beyond the limit, even if he reports it to the tax authorities in time – explained Piotr Juszczyk, Chief Tax Advisor of inFakt, in an interview with “Strefa Biznesu”.
Failure to notify the tax office of the donation will be associated with serious consequences, as in the case of tax fraud.
A gift received from a boss may also be taxed, but this depends on the source of the purchase. Piotr Juszczyk revealed in a commentary for “Strefa Biznesu” that the employer must add the value of the donation to taxes if the donation was financed with the company’s current assets. If money from the Corporate Social Insurance Fund was used, gifts worth less than PLN 2,000 PLN on an annual basis are exempt from income tax.
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