Wednesday, June 17, 2015

TAXES not taxi

I'm really into taxes, since I have filled my first PIT. So hère you can find some information from my notes about POLISH TAXES.
Taxes in Poland is 32% of Polish GDP. But what kind of taxes do we have in Poland? What is a difference between one another? What are the tax thresholds? In Poland, there are three types of taxes.
1.      The first type of tax is a direct tax, the main example of this tax is Personal Income Tax (in Poland called PIT). Personal Income Tax from are required to pay all persons receiving income. At the same time the people who reside in Polish, they have to pay income tax regardless of whether their income comes from work on Polish territory or any other country in the world. However, people who are not resident in Poland are not required to pay income tax. This means that the tax in Poland only profits earned on Polish territory. In Poland, there are several ways of accounting for income taxes. Every citizen can choose the most convenient form of in its sole discretion.     The first method is a progressive tax scale. With this kind of tax calculation, in particular, can benefit married couples and single parents. It is extremely beneficial for them. In a progressive tax scale, the first tax bracket is 18%, it relates to income which does not exceed 85 528zł (this is about 22,000 euro). If income is greater than 85 528 zl, a tax on the amount exceeded will be equal 32%. Second possibility accounting for income taxes is a uniform 19% tax rate. If a citizen chooses this way, he will pay completely only 19% of the total of your income. Flat rate tax (19%) is also designed for the companies and business. This type of tax calculation is called a flat tax. If, however, the tax office notices that the citizen does not fully explain the income, penalty is called remedial sanction and is 75% of the total income.
2.      In addition to direct taxes shown above in Poland there is also an indirect tax. It includes a tax on goods and services (VAT), excise tax, gaming tax. Nowadays in Poland there are four VAT's tax rates - mainly 23% but there exist also: 8%, 5% and 0%.
3.      The third and final type of tax in Poland is a wealth tax. Wealth tax includes taxes on inheritance and gift tax on civil law transactions, tax agricultural, forestry tax, property tax, vehicle tax. The wealth tax has not centrally established of tax brackets. The tax is determined individually, officials take into account the economic situation and financial possibilities of the person.

        The tax system in Poland is unreadable and difficult to understand for the average Pole. In 2011, the government made simpler method of calculating the tax, it caused that the accounting is a bit easier for the Poles. Since that time, we may also account for the internet which is very important for the younger generation. 

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