To the end 2021 The Regulation on the non-collection of PITs on certain incomes related to residential credit is applicable. This solution is beneficial to borrowers (including so-called "francoviches"). In the Ministry of Finance, work is ongoing to ensure that it also applies in subsequent years.
Regulation of 27 March 2020 on the non-collection of income tax on certain income (revenue) related to mortgage credit granted for housing purposes (Journal of Laws, item 548) valid to the end 2021.
Failure to collect the tax in practice means tax exemption for taxpayers - released by banks:
- the amounts of repayments of mortgage loans drawn up for own housing purposes, or
- to which a negative loan rate was applied.
PIT-11 from banks
As the Regulation is in force until the end of this year, banks will not be required to issue for 2021 annual information PIT-11 in respect of the revenue covered by the omission.
Work on extending positive solutions
In view of the information about the mass settlements planned by the banking sector with customers who have ‘franc loans’, as a result of which part of the debt will be decommissioned, the Minister of Finance has decided to extend the withdrawal of the PIT for the following years.
The draft legislation is currently under way. The legal basis for its issue is Article 22 Tax Ordinance.