The capital gains tax, i.e. Belka’s tax has been in force in Poland for 20 years. It includes e.g. profits on deposits and deposits. Currently, work is underway to introduce an amount free from this burden. According to the expert, however, this will complicate the currently simple tax on income from capital sources.
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– In my opinion, lowering Belka’s tax or introducing a tax-free amount may make many people more willing to save. We currently have inflation rising at a galloping pace. Interest on savings is not high anyway, and is additionally burdened with tax, which means that in fact the profit for taxpayers is much lower – believes Piotr Juszczyk, Chief Tax Advisor at inFakt.
Capital gains tax covers capital gains – its rate is 19%. For example, if a person makes a deposit for three months for the amount of 10,000. PLN with an interest rate of 7%, its profit at the end will be PLN 175. However, only PLN 141.75 will be paid out, as PLN 33.25 will be charged within tax.
