Personal Income Tax in Poland
DEDUCTIONS AND EXEMPTIONS
There are several deductions from tax base or tax, as well as exemptions, for instance:
- health and social security contributions
- costs of internet
- mortgage interest
- children
- donations
- business trips
- income from sale of property
DEDUCTIONS AND EXEMPTIONS
All deductions and exemptions are subject to conditions – you may need to plan ahead to benefit from relevant provisions, for instance:
- sale of a property after 5 years from its purchase is not subject to taxation;
- profit from sale of property can also be exempt from taxation if it is spent on the taxpayer’s own housing purposes within two years.