The parliament approved a draft law which intends at facilitating for business in Poland on 16 December 2016. Along with other things, the law launches changes on the flat rate tax on specified income derived by individuals in so far that it raises the threshold of annual income; taxpayers may choose the subject to simplified flat rate tax instead of general income tax.
The current threshold of EUR 150,000 of income derived in the year earlier tax year will be increased to EUR 250,000 from 1 January 2017 and when the income derived by a taxpayer in 2016 did not exceed PLN 1,074,400 on the basis of exchange rate of 3 October 2016, the taxpayer will be qualified to simplified flat rate tax. Taxpayers are eligible for the simplified flat rate tax is individual entrepreneurs and general partnerships based on the type of action and the tax is imposing at the rates of 20%, 17%, 8.5%, 5.5% or 3%.
