Home » Business » You will earn more without a raise. From July you will pay 12 percent instead of 17 percent. tax. We have the exact calculations

You will earn more without a raise. From July you will pay 12 percent instead of 17 percent. tax. We have the exact calculations

A raise without a raise? Yes, in less than three months, starting in July, most Poles will receive higher salaries without applying for a raise from their boss. Thanks to the reduction of the first tax threshold from 17 percent. up to 12 percent because we will pay less tax, which means higher “on hand” payments. We counted how much people will gain depending on the gross amount guaranteed by their contract of employment – from the lowest salaries to quite high ones. So check how much more you will get in July and the following months!

In times when the rising prices almost from week to week consume almost all reserves and savings, any form of financial cushion is extremely desirable. This will certainly be the reduction of the first rate of the PIT tax table from 17 to 12 percent. Apart from the group of people whose annual taxable income does not exceed PLN 30,000. PLN (because this is the total amount exempt from PIT), the tax reduction means that for every 100 PLN earned, additional PLN 4.55 will be in the wallets (PLN 5 gross minus 9% of the health insurance premium).

Complicated relief for the middle class to cushion the shock of the 7.75% increase. tax relief (in fact, the abolition of the right to deduct almost the entire contribution from tax) only introduced confusion and together with the misunderstandings related to determining the advance tax (PIT-2) resulted in the failure of the entire tax reform. It is good then that the government is simplifying the matter of personal income tax by admitting a mistake.

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