From 1 August. There's a relief for the young. The payers employing a person entitled to the exemption will not have to calculate and collect advances on the PIT if they submit to the tax office a statement by the employee certifying that his income is exempt from taxation.
Young people's relief should be over 2,000,000 workers who will find it easier to settle on the labour market. The relief applies only to income tax, it does not exempt ZUS and NFZ contributions. It entered into force at the beginning of August and concerns revenue obtained from 1 August 2019.
The income tax exemption is intended to cover:
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- persons below 26 R.,
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- employed under the employment relationship, cooperative employment relationship, business relationship or inter-submission employment relationship, contract-contracting,
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- generating income from work up to 85,528 PLN in the tax year, so up to 7,127.33 PLN gross per month. With higher earnings only the surplus will be taxed.
In order to benefit from the possibility of calculating and collecting PIT contributions, a declaration signed by the employee should be made. Its pattern can be downloaded below. In the absence of a declaration of advance payment for the tax will be reimbursed at the annual statement.
Author: Katarzyna Kołbuś - Editor leading RB Magazine. From Over 10 years related to the industry press, including the Financial Gazette and the ipip.com.pl portal, which is devoted to finance, taxation, law, politics and the economy. She graduated from Polish philology at the UMCS and the linguistic text editing at the University of Warsaw