On 24 September 2019, the Poland Council of Ministers adopted the draft budget law for 2020. For the first time since 1989, there will be no deficit in the budget.
The 2020 Budget changes the following tax measures on personal income tax;
- Tax exemption from income from work and employment contracts for persons under 26 years old up to the amount of PLN 85,528 (from August 2019)
- Reduction of the tax rate for the first tax threshold on the tax scale from 18 to 17 percent (from October 2019),
- Increase in employee tax deductible costs (from October 2019).
