Poland: Response to Parliamentary inquiry regarding inclusion of prior year losses in calculating wealth solidarity tax
The Minister of Finance issued a response to Parliamentary inquiry no. 42274
The Minister of Finance issued a response to Parliamentary inquiry no. 42274
The Minister of Finance issued her response (dated 27 July 2023) to Parliamentary inquiry no. 42274 regarding the inclusion of prior year losses in calculating the solidarity levy on wealthy individuals.
The solidarity levy is a 4% tax on eligible income of individual taxpayers over PLN 1 million, reduced by applicable deductions, that became applicable 1 January 2019.
Over the years, there has been uncertainty regarding the ability to include prior year losses in calculating the solidarity levy accounting basis. In her response, the Minister of Finance stated that tax clarifications would be issued allowing the inclusion of prior year losses when calculating the solidary levy under certain circumstances.
Read an August 2023 report prepared by the KPMG member firm in Poland
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