The Minister of Finance Policked the cost of the presidential tax project

PLN 30 billion will amount to budget costs of implementing the presidential project providing, among others Zero PIT for families with at least two children – said the Minister of Finance and Economy on Wednesday Andrzej Domański.

In an interview with Polsat News, the head of the MFIG, citing the calculations of the ministry, announced that PLN 30 billion will cost the state budget implementation of the project submitted by President Karol Nawrocki. He also noted that “almost all of the profits from this solution would reach 20 % of the best -earners” – this is not the policy we would like to conduct – he pointed out.

The presidential draft amendment to the Personal Income Tax Act and some other acts assumes raising the tax threshold from 120 thousand. PLN up to PLN 140,000 PLN and the introduction of zero PIT for income up to 140 thousand. PLN for parents at least two children.

According to the project, income tax (PIT) is to be 12 percent. minus the reduction amount of PLN 3,600 at the tax calculation basis to PLN 140,000. PLN per year. In the event that the base is higher than 140 thousand. PLN, the tax would be 13 thousand PLN 200 plus 32 percent from the surplus.

According to the project, in the case of a parent at least two children, the amount reducing tax for people with income below 140 thousand. PLN will amount to PLN 16,000 800 PLN. In the case of people with income over 140 thousand PLN tax – as before – would amount to 32 percent. from the surplus. The proposal would also apply to, among others foster parents and legal guardians in whom children live, and in the case of adult children studying – including parents performing maintenance obligation.

In addition, in the draft amendment, the president proposed a change in a number of other tax laws, including Tax Code, the Act on KAS and in attachment to the VAT Act.

According to the information posted on the Sejm website, the project was directed for opinions as well as public consultations that will last until September 11. (PAP)

Ewes/ Malki/