Poland plans personal tax cuts and higher corporate rates
Poland plans to lower personal income taxes for millions of citizens while raising corporate tax rates for the largest companies. Prime Minister Donald Tusk aims to keep the budget deficit in check amid high public spending.
Poland will raise corporate income tax to 22% for large companies while lowering personal tax rates for 3.5 million citizens. Prime Minister Donald Tusk announced the overhaul on Wednesday to ease middle-class tax burdens. The fiscal adjustments aim to correct bracket creep without expanding a public deficit exceeding 7% of gross domestic product.
