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However, please VERIFY all results on your own, as the level of completion of this item is NOT CONFIRMED.
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Taxes over the world: PIT, CIT, VAT#
| Country | Flag | Personal Income Tax rate (PIT) | Corporate Income Tax rate (CIT) | Basic Value Added Tax rate (VAT) | Review date |
| Afghanistan |  | 20% | 20% | 0% | 2020 |
| Albania |  | 23% | 15% | 20% | 2020 |
| Algeria |  | 35% | 26% | 19% | 2020 |
| Angola |  | 17% | 30% | 10% | 2020 |
| Antigua and Barbuda |  | 0% | 25% | 15% | 2020 |
| Argentina |  | 35% | 30% | 21% | 2020 |
| Armenia |  | 23% | 18% | 20% | 2020 |
| Aruba |  | 52% | 25% | 2% | 2020 |
| Australia |  | 45% | 30% | 10% | 2020 |
| Austria |  | 55% | 25% | 20% | 2020 |
| Bahamas |  | 0% | 0% | 12% | 2020 |
| Bahrain |  | 0% | 0% | 5% | 2020 |
| Bangladesh |  | 30% | 25% | 15% | 2020 |
| Barbados |  | 28.5% | 5% | 17.5% | 2020 |
| Belarus |  | 13% | 18% | 20% | 2020 |
| Belgium |  | 50% | 25% | 21% | 2020 |
| Bermuda |  | 0% | 0% | 0% | 2020 |
| Bosnia and Herzegovina |  | 10% | 10% | 17% | 2020 |
| Botswana |  | 25% | 22% | 12% | 2020 |
| Brazil |  | 27.5% | 34% | 18% | 2020 |
| Bulgaria |  | 10% | 10% | 20% | 2020 |
| Cambodia |  | 20% | 20% | 10% | 2020 |
| Canada |  | 33% | 26% | 5% | 2020 |
| Cayman Islands |  | 0% | 0% | 0% | 2020 |
| Chile |  | 40% | 25% | 19% | 2020 |
| China |  | 45% | 25% | 13% | 2020 |
| Colombia |  | 39% | 32% | 19% | 2020 |
| Costa Rica |  | 25% | 30% | 13% | 2020 |
| Croatia |  | 36% | 18% | 25% | 2020 |
| Cyprus |  | 35% | 12% | 19% | 2020 |
| Denmark |  | 55.89% | 22% | 25% | 2020 |
| Dominica |  | 35% | 25% | 15% | 2020 |
| Dominican Republic |  | 25% | 27% | 18% | 2020 |
| Ecuador |  | 35% | 25% | 12% | 2020 |
| Egypt |  | 22.5% | 22% | 14% | 2020 |
| El Salvador |  | 30% | 30% | 13% | 2020 |
| Estonia |  | 20% | 20% | 20% | 2020 |
| Fiji |  | 20% | 20% | 9% | 2020 |
| Finland |  | 56.95% | 20% | 24% | 2020 |
| France |  | 45% | 32% | 20% | 2020 |
| Georgia |  | 20% | 15% | 18% | 2020 |
| Germany |  | 45% | 29% | 19% | 2020 |
| Ghana |  | 30% | 25% | 18.13% | 2020 |
| Gibraltar |  | 25% | 10% | 0% | 2020 |
| Greece |  | 44% | 24% | 24% | 2020 |
| Grenada |  | 28% | 28% | 15% | 2020 |
| Guatemala |  | 7% | 25% | 12% | 2020 |
| Guernsey |  | 20% | 0% | 0% | 2020 |
| Honduras |  | 25% | 25% | 15% | 2020 |
| Hungary |  | 15% | 9% | 27% | 2020 |
| Iceland |  | 46.24% | 20% | 24% | 2020 |
| India |  | 42.74% | 30% | 18% | 2020 |
| Indonesia |  | 30% | 25% | 10% | 2020 |
| Iraq |  | 15% | 15% | 0% | 2020 |
| Ireland |  | 48% | 12% | 23% | 2020 |
| Isle of Man |  | 20% | 0% | 20% | 2020 |
| Israel |  | 50% | 23% | 17% | 2020 |
| Italy |  | 43% | 27% | 22% | 2020 |
| Jamaica |  | 25% | 25% | 16.5% | 2020 |
| Japan |  | 55.95% | 29% | 10% | 2020 |
| Jersey |  | 20% | 0% | 5% | 2020 |
| Jordan |  | 30% | 20% | 16% | 2020 |
| Kazakhstan |  | 10% | 20% | 12% | 2020 |
| Kenya |  | 30% | 30% | 16% | 2020 |
| Kuwait |  | 0% | 15% | 0% | 2020 |
| Latvia |  | 31.4% | 20% | 21% | 2020 |
| Lebanon |  | 25% | 17% | 11% | 2020 |
| Lithuania |  | 20% | 15% | 21% | 2020 |
| Luxembourg |  | 45.78% | 24% | 17% | 2020 |
| Macedonia, the former Yugoslav Republic of |  | 10% | 10% | 18% | 2020 |
| Malawi |  | 30% | 30% | 16.5% | 2020 |
| Malaysia |  | 30% | 24% | 10% | 2020 |
| Malta |  | 35% | 35% | 18% | 2020 |
| Mauritius |  | 15% | 15% | 15% | 2020 |
| Mexico |  | 35% | 30% | 16% | 2020 |
| Mongolia |  | 10% | 25% | 10% | 2020 |
| Montenegro |  | 9% | 9% | 21% | 2020 |
| Morocco |  | 38% | 31% | 20% | 2020 |
| Mozambique |  | 32% | 32% | 17% | 2020 |
| Namibia |  | 37% | 32% | 15% | 2020 |
| Netherlands |  | 49.5% | 25% | 21% | 2020 |
| New Zealand |  | 33% | 28% | 15% | 2020 |
| Nicaragua |  | 30% | 30% | 15% | 2020 |
| Nigeria |  | 24% | 30% | 7.5% | 2020 |
| Norway |  | 38.2% | 22% | 25% | 2020 |
| Oman |  | 0% | 15% | 0% | 2020 |
| Pakistan |  | 35% | 29% | 17% | 2020 |
| Panama |  | 25% | 25% | 7% | 2020 |
| Papua New Guinea |  | 42% | 30% | 10% | 2020 |
| Peru |  | 30% | 29% | 18% | 2020 |
| Philippines |  | 35% | 30% | 12% | 2020 |
| Poland |  | 32% | 19% | 23% | 2020 |
| Portugal |  | 48% | 31% | 23% | 2020 |
| Puerto Rico |  | 33% | 37% | 11.5% | 2020 |
| Qatar |  | 0% | 10% | 0% | 2020 |
| Romania |  | 10% | 16% | 19% | 2020 |
| Saint Kitts and Nevis |  | 0% | 33% | 17% | 2020 |
| Saint Lucia |  | 30% | 30% | 12.5% | 2020 |
| Saint Vincent and the Grenadines |  | 30% | 30% | 16% | 2020 |
| Samoa |  | 27% | 27% | 15% | 2020 |
| Saudi Arabia |  | 0% | 20% | 15% | 2020 |
| Senegal |  | 40% | 30% | 18% | 2020 |
| Serbia |  | 10% | 15% | 20% | 2020 |
| Sierra Leone |  | 15% | 30% | 15% | 2020 |
| Singapore |  | 22% | 17% | 7% | 2020 |
| Sint Maarten (Dutch part) |  | 48% | 35% | 5% | 2020 |
| Slovakia |  | 25% | 21% | 20% | 2020 |
| Slovenia |  | 50% | 19% | 22% | 2020 |
| South Africa |  | 45% | 28% | 15% | 2020 |
| Spain |  | 45% | 25% | 21% | 2020 |
| Sri Lanka |  | 24% | 28% | 8% | 2020 |
| Sudan |  | 15% | 35% | 17% | 2020 |
| Sweden |  | 32.28% | 21% | 25% | 2020 |
| Switzerland |  | 40% | 21% | 7.7% | 2020 |
| Tanzania, United Republic of |  | 30% | 30% | 18% | 2020 |
| Thailand |  | 35% | 20% | 7% | 2020 |
| Trinidad and Tobago |  | 25% | 30% | 12.5% | 2020 |
| Tunisia |  | 35% | 25% | 18% | 2020 |
| Turkey |  | 40% | 22% | 18% | 2020 |
| Uganda |  | 40% | 30% | 18% | 2020 |
| Ukraine |  | 18% | 18% | 20% | 2020 |
| United Arab Emirates |  | 0% | 0% | 5% | 2020 |
| United Kingdom |  | 45% | 19% | 20% | 2020 |
| United States |  | 37% | 25% | 0% | 2020 |
| Uruguay |  | 36% | 25% | 22% | 2020 |
| Venezuela, Bolivarian Republic of |  | 34% | 34% | 16% | 2020 |
| Vietnam |  | 35% | 20% | 10% | 2020 |
| Yemen |  | 15% | 20% | 5% | 2020 |
| Zambia |  | 37.5% | 35% | 16% | 2020 |
| Zimbabwe |  | 40% | 24% | 14.5% | 2020 |
Facts about VAT#
- Name VAT stands for "Value Added Tax". It's a kind of tax, which is added at all production stages.
- VAT is intended to apply to consumption. The more goods you buy, the more VAT you pay.
- VAT is payed by a person who is at the end of the consumption chain, buying the product for consumption. For example, a customer buying crisps in the supermarket or the driver using the car wash.
- Formally, the same amount of VAT is also added at the each stage of the chain (supermarket, car wash, a manufacturer of chips, etc.), but in fact they only pay back tax received from the previous stage. Finally, the VAT paid by the consumer goes "from hands to hands" - through supermarket, the manufacturer of chips, potato farmer etc. - until it goes to the tax office.
- Trader, who simultaneously buys (pays VAT) and sells goods (receives VAT), doesn't really pay VAT. The amount of tax charged while buying is canceled by tax charged while selling.
- The disadvantage of VAT is that it increases social stratification - it's applied to the final consumer, so it is most noticeable to the least wealthy people. This issue is partially solved by varying tax rates for example by setting lower VAT levels to the most basic goods like bread. It's also considered that procedures for charging and collecting VAT are too complex and they allow for many forms of abuse, for example fake invoices fraud to claim back VAT which was never really paid.
CIT in Poland#
- Corporate Income Tax (CIT) is a income tax paid by legal persons.
- CIT in Poland is paid by joint-stock companies (polish: S.A.) or limited liability companies (polish: sp. z o.o.).
- The legal basis regulating the CIT in Poland is the Act of February 5, 1992 (Journal of Laws of 2019, item 865) with later changes.
- The basic CIT rate in Poland is currently 19% (as of 2019).
- In addition, from January 1, 2019, companies whose gross turnover did not exceed the equivalent of 1,2 million EUR (the so-called small taxpayers) can switch to preferential CIT rate in the amount of 9%.
- If you're looking for Polish PIT rates (personal income tax) you can check out our other calculator: PIT rates in Poland (archive).
- If you're interested in comparison of tax rates (PIT and CIT) in different countries check out our other calculator: Taxes over the world: PIT, CIT, VAT.
PIT in Poland#
- Currently (as of 2022) taxpayers who settle accounts on general rules are subject to the so-called tax thresholds. This means that the rate (percentage) of the tax depends on the achieved incomes.
- At the beginning of 2022, after the so-called "Nowy Ład" (en: "New Deal") entered into force, the thresholds have been changed, so that income below 120 000 PLN is taxed at 17%. Starting from July 2022 the rate of the first threshold will be reduced to 12%. Income above this amount is taxed at 32% rate (before and after July 1). This means that for the first six months we should count advances on income tax according to the scale of 17% and 32% (before July 1, 2022), and in the second - 12% and 32% (after July 1, 2022).
- In Poland, there is a free amount (tax allowance), on which we will not pay tax. For this reason, the final tax will be slightly lower than it would appear from the thresholds. In 2022 the tax-free amount is 30 000 PLN.
- The tax base (i.e. the amount on which the tax is calculated) is the sum of revenues obtained in a given year decreased by social insurance contributions contributions (polish: ZUS) and costs of getting incomes:
tax base = gross earnings - social insurance - cost of getting income⚠ WARNING! Beginning from 2022 (→ see "Nowy Ład") we cannot decrease tax by health insurance contribution if we use tax thresholds (general rules). - Despite the fact that the method of calculating the monthly tax advance changes during the year, the annual tax for 2022 year will be calculated in the unified way i.e. using 12% and 32% rates for the whole year. To calculate annual tax for income earned in 2022 use the following formula:
- if your tax base does not exceed 120 000 PLN:
- if your tax base exceeds 120 000 PLN:
- if your tax base does not exceed 120 000 PLN:
- Because so-called "Polski Ład" (en: "New Deal") introduced in 2022 caused a decrease in the net salaries of selected groups (on-the-hand), the polish rulers introduced the so-called relief for the middle class. This is the amount that should be subtracted from the tax base when calculating the monthly tax advances from January to June 2022 inclusive. However, the rulers gave up this idea and we should stop including this relief after July 1, 2022. To calculate the middle class relief, the we use following formula:
If your gross monthly earnings:
- do not exceed 5 700 PLN - no discount,
- are in the range from 5701 PLN to 8549 PLN:
- are within the range from 8550 PLN to 11141 PLN:
- exceed 11141 PLN - no relief.
- do not exceed 5 700 PLN - no discount,
- Starting from August 2019, people under 26 y.o. in Poland do not need to pay income tax (PIT).
In 2019: the tax-relief covers annual revenues up to 35636.67 PLN. In 2020, 2021 and 2022 tax-relief covers annual revenues up to 85528 PLN. Revenues exceeding the annual limit remain taxed using tax-scale.
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tax_rates_over_the_world · pit_rates_over_the_world · cit_rates_over_the_world · vat_rates_over_the_world · personal_income_tax_in_different_countries · corporate_income_tax_in_different_countries · value_added_tax_in_different_countries · pit_rates_in_different_countries · cit_rates_in_different_countries · vat_rates_in_different_countries · pit_rates_comparison · cit_rates_comparison · vat_rates_comparison
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