Poland - Polish Tax System Targets Individual Savings
- A. Szadorska
- European Taxation, 2012 (Volume 52), No 7
- 4 June 2012
This note outlines amendments to the Tax Ordinance Act concerning rules for rounding the tax base and tax due on individual interest income, which were adopted effective 1 April 2012. While the overview primarily focuses on amendments affecting interest income of individuals, the author analyses the consequences of the newly enacted regulations for financial institutions, as well as taxpayers.