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Wednesday, February 21, 2024

Changes in taxes and salaries after July 1. Gross, net. Table

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On Thursday, the deputies adopted the changes in the Polish tax Lada. Now the amendment to the act on personal income tax will go to the president. How will the changes in PIT affect the wallets of Poles? The consulting company Grant Thornton has prepared a list of gross and net salaries – before the change and after July 1, 2022.

On Thursday, the Sejm voted on the Senate’s amendments to the act amending the act on personal income tax and some other acts. During the vote, the deputies accepted most of the Senate’s amendments to the bill. If the rules are approved by the president Andrzej Dudathe new solutions will enter into force on July 1, 2022.

Polish Order in a New Way. What will change in taxes?

The amendment to the Act on PIT assumes that from July 1 this year. PIT rate will drop from 17 percent. up to 12 percent The tax-free amount will remain at the level of PLN 30,000. PLN, and the tax threshold at the level of PLN 120 thousand. zloty.

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The act also eliminates the relief for the middle class, although people for whom the settlement of the so-called tax relief for the middle class will turn out to be more profitable than the settlement according to the new mechanism, they will receive from the tax office a refund of the difference between the tax due and the tax calculated using the so-called allowances for the middle class.

The new regulations are also to solve the problem of taxpayers having several different sources of income at the same time. These are people who, for example, have several employment contracts or combine work and retirement. After the changes, from January 1, 2023, they will be able to authorize up to three payers (employers, principals, ZUS) to reduce PIT advances (by PLN 3.6 thousand). In the case of one contract, the amount reducing the tax will be PLN 300 per month, for two – PLN 150, and three – PLN 100.

Gross and net wages and salaries and the Polish Order 2.0

The consulting company Grant Thornton showed on the graphics how the above changes will affect the salaries “on hand”. In her comparison, she compared the salaries from 2021, after the introduction of the first version of the Polish Order, and those that will apply after July 1, 2022.

Remuneration – Polish Deal 2.0Grant Thornton, @SamborskaM

Małgorzata Samborska from GT pointed out that this list concerns a single on a contract of employment who uses the basic tax deductible costsdoes not belong to the Employee Capital Plans and has submitted PIT-2.

“The simulations may differ, if you have not submitted PIT-2, you have more than 1 job or source of income, you have applied for non-rollover of advances, your salary is variable, you have been on L4, you are in PPK, you have increased KUP (tax deductible costs). – ed.) “- she wrote.

Main photo source: Margy Crane / Shutterstock.com

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