Polish president signs law raising CIT rate for banks
Polish President Karol Nawrocki has signed into law a bill increasing the corporate income tax rate for banks, the President's Office announced on Thursday.
Nawrocki said in a statement that the measure redirects a larger share of banks' recent high profits to the state. He argued that tax burdens should not fall mainly on ordinary citizens or small firms while major financial institutions post record earnings.
The amendment increases the CIT rate for banks from 19 percent to 23 percent, with temporary increases to 30 percent in 2026 and 26 percent in 2027. For new entities with revenues below EUR 2 million, the rate will be 13 percent, rising to 20 percent in 2026 and 16 percent in 2027.
Small entities and banks undergoing recovery procedures will be exempt from the higher tax.
The law also reduces the bank tax from 0.0366 percent of the tax base to 0.0329 percent, and from 2028 to 0.0293 percent.
Changes to banks' income tax will take effect on January 1, 2026, and those relating to the bank tax on January 1, 2027. (PAP)
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