Poland’s government in March announced a plan to slash taxes to protect people's incomes from the impact of Russia’s invasion of Ukraine.
Under the plan, the personal income tax rate would be reduced from 17 percent to 12 percent, Prime Minister Mateusz Morawiecki said at the time.
The lower house of parliament on Thursday approved those plans in a 246-40 vote with 170 abstentions, state news agency PAP reported.
The measure, part of a wider economic package dubbed the “Anti-Putin Shield,” now goes to the Senate, the upper house of Poland's parliament, for further debate.
The planned cut is expected to benefit around 13 million taxpayers, leaving them with an extra PLN 15 billion (EUR 3.2 billion, USD 3.35 billion) in their pockets, according to officials.
The proposed changes also include tax-deductible health insurance premiums for some businesses and more favourable tax treatment of families with children and single parents, officials said.
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Source: IAR, PAP