Quick Answer: How Much Tax Do You Pay In Poland?

What is the average wage in Poland?

In the long-term, the Poland Average Gross Wage is projected to trend around 5165.00 PLN/Month in 2021 and 5294.00 PLN/Month in 2022, according to our econometric models..

What is the currency of Poland?

Polish złotyPoland/Currencies

What is the average salary in Poland 2019?

The average income after tax in Warsaw is around 4000 PLN, or approximately 1050$ per month. This figure shows how Warsaw is a wealthy city not only in the national economic sphere, but also regionally. In other important cities of Poland, the average salary in considerably lower, including Krakow or Wroclaw.

What is considered a good salary in Poland?

The average income before tax in Poland is heading towards 4900 PLN a month, which is around 3530 PLN after tax (shy of 830 Euro). If that number sounds disappointing to you, then it’s good to take into consideration that the average living cost in Poland is substantially lower compared to most west-European countries.

Can a foreigner buy a house in Poland?

Foreigners can freely buy condominium units in Poland. Land for commercial purposes can be freely bought by citizens of the European Economic Area (EU + Iceland, Liechtenstein, and Norway). … Foreigners, both legal entities and individuals, can freely lease land or real estate, without restrictions.

Who is exempted from income tax?

Tax Exemptions vs Tax DeductionsIncome Tax DeductionsIncome Tax ExemptionsA particular amount, which is reduced from an individual’s total tax liability, is called an income tax deduction.A particular income, which is exempt from tax and thus, not included in one’s total tax liability is called an income tax exemption.3 more rows

What is the income tax rate in Poland?

The 2018 tax rate for an individual is 18% or 32%. Individuals can choose, under certain conditions, paying a flat rate of 19% on business income without allowances. In Poland corporate tax in 2018 is 19%. Small companies pay 15%.

How is tax calculated in Poland?

To calculate the tax for 2019 year, use the below formula:in the case of income below 85 528 PLN: tax = 17.75% × tax base – tax reduction amount.in the case of an income of 85 528 PLN or more : tax = 15181.22 PLN + 32% × (tax base – 85528 zł) – tax reduction amount.

Do you pay tax in Poland?

Personal Income Tax The tax in Poland is progressive and the applicable rates in 2018 are: annual taxable income up to PLN 85,528 is taxed at 18% annual taxable income above PLN 85,528 is taxed at 32%

How can I save tax in Poland?

A good way to reduce taxes is to bring forward different tax deductions. By bringing forward the tax deductions into the current fiscal year, you can reduce the amount of the taxable income.

Is Poland expensive to live?

In the 2018 Mercer Cost of Living Survey, Warsaw, Poland’s most expensive city, ranked 154 out of 209 cities. … Overall, Poland has a moderate cost of living index, with the larger cities being significantly more expensive than the rural areas, as is the case with most countries.

Is there property tax in Poland?

Properties in Poland must be registered for property tax. … It is common for property owners to have to pay Perpetual Usufruct on their properties to the government. This is paid in one amount for the year based on who owns the property on the 1st January, the payment deadline is 31st March of the same year.