Changes in inheritance and gift tax. Dumping duty will not apply

Changes in inheritance and gift tax. Dumping duty will not apply

Everything indicates that there will be no tax on waste disposal. On Friday, the Sejm finally approved, after amendments by the Senate, amendments to the Law on goods and services tax, called the 3rd Slim VAT package. Part of the regulation is the change in inheritance and donation tax, which removes the limits. of payments from multiple donors. The fate of the donation tax will now depend on the decision of President Andrzej Duda.

The Sejm introduced it at the end of January inheritance and gift tax changes. The solutions caused a wave of controversy, especially the introduction of limits on donations received from many people. So far, there are no such restrictions. If the regulations come into force, the donations declared to fund expensive treatment for patients will be at risk.

After the media publications on this issue in early February this year. Prime Minister Mateusz Morawiecki announced that he would not allow this to “in any way affect the issues of collecting funds for aid and programs of this kind”. He informed that he has instructed the Ministry of Finance to clarify the issues immediately.

The change, thanks to which there will be no so-called tax on donations, was proposed during the work in the Sejm on the draft amendment of the VAT Law, known as the Slim VAT package 3. The proposal was later accepted by the Senate, presenting only amendments on VAT .

Signature of the President

Meanwhile, a deregulation law, containing controversial changes to inheritance and gift taxes, was signed by President Andrzej Duda in April.

“Never! Not a single day of 2023 or the next will be a collection tax. After July 1, there will be higher free rates for the first group (PLN 36,000) and the second group (PLN 27,000), and finally a complete change of the Law old and flawed 1983.” – Deputy Minister of Finance Artur Soboń later wrote on Twitter.

The drop-in tax is lost

Changes in the regulations adopted on Friday by the Sejm assume that the following levels will be exempted from the inheritance and donation tax up to the value of the property: PLN 36,120 – if the buyer is a person classified in the first tax group. ; PLN 27,090 – if the buyer is a person classified in the second tax group; PLN 5,733 – if the buyer is a person classified in the third tax group.

As Małgorzata Samborska, partner and tax consultant at Grant Thornton, explained earlier on Twitter, the amendment removes payment restrictions from many donors, which basically means that there will be no tax on donations.

Most of the provisions of the amendments to the VAT Act, and on all changes to inheritance and donation taxes, will come into force on July 1 this year.

Main image source: Sejm

Related posts:

Denial of inheritance from a parent does not mean that there is no inheritance from grandparents
Denial of inheritance from a parent does not mean that there is no inheritance from grandparents Is Europe in danger of becoming a “dumping ground” for Chinese and American electricity?Is Europe in danger of becoming a “dumping ground” for Chinese and American electricity? The new Modern Warfare 2 map will test the possible changes in the future of Call of DutyThe new Modern Warfare 2 map will test the possible changes in the future of Call of Duty The child has the right to legalize in the form of half the share in the inheritance that he would be entitled to. And sometimes even higherThe child has the right to legalize in the form of half the share in the inheritance that he would be entitled to. And sometimes even higher ZUS will refund money from health contributions, but you have to apply. The deadline is June 1ZUS will refund money from health contributions, but you have to apply. The deadline is June 1 Reader Test Drive and Beginners: Apply now!Reader Test Drive and Beginners: Apply now! Kia van Mossel helps Amersfoort students apply: ‘You have to get them excited about the opportunity’Kia van Mossel helps Amersfoort students apply: ‘You have to get them excited about the opportunity’ Police Winschoten calls on the organizers of car rallies to apply for a permit. But yes, who are they?Police Winschoten calls on the organizers of car rallies to apply for a permit. But yes, who are they? ZUS should return tens of millions of zlotys to Poles. The deadline to apply for a refund is June 1ZUS should return tens of millions of zlotys to Poles. The deadline to apply for a refund is June 1 Legal battle between Ferrari CEO and his mother over Agnelli’s inheritance – 05/19/2023 at 16:28Legal battle between Ferrari CEO and his mother over Agnelli’s inheritance – 05/19/2023 at 16:28 Accepting inheritance can be done in two ways. The heir should consider the appropriate form of his acquisitionAccepting inheritance can be done in two ways. The heir should consider the appropriate form of his acquisition Volkswagen: changes and changes to the $ 14 billion planVolkswagen: changes and changes to the $ 14 billion plan New Call of Duty in 2023 though? We got to know the possible date of the announcementNew Call of Duty in 2023 though? We got to know the possible date of the announcement Call of Duty: Warzone 2.0, all mode rewards listedCall of Duty: Warzone 2.0, all mode rewards listed Call of Duty: Modern Warfare III will be the next game in the series – the production is managed by the Sledgehammer Games studio.Call of Duty: Modern Warfare III will be the next game in the series – the production is managed by the Sledgehammer Games studio. Call of Duty developers are considering creating a permanent map poolCall of Duty developers are considering creating a permanent map pool Halo Forge mode coming to Call of Duty? The creators respondHalo Forge mode coming to Call of Duty? The creators respond This description of the level of Amsterdam in Call of Duty makes us happyThis description of the level of Amsterdam in Call of Duty makes us happy Call of Duty 2023 is Modern Warfare 3; release date (leakage)Call of Duty 2023 is Modern Warfare 3; release date (leakage) Hummer the main character of the new Call of DutyHummer the main character of the new Call of Duty Important reminder for drivers. There are heavy fines for failing to comply with one dutyImportant reminder for drivers. There are heavy fines for failing to comply with one duty The GMC Hummer EV (with 1,000 hp) is in the new Call of DutyThe GMC Hummer EV (with 1,000 hp) is in the new Call of Duty The first information about the new Call Of Duty 2023. Manwanandani mentions the continuation of the prized series.The first information about the new Call Of Duty 2023. Manwanandani mentions the continuation of the prized series. Volvo Trucks canceled the purchase of the Chinese company JMC Heavy Duty VehicleVolvo Trucks canceled the purchase of the Chinese company JMC Heavy Duty Vehicle An off-duty police officer stopped a drunk driver – Police.plAn off-duty police officer stopped a drunk driver – Police.pl Call of Duty: Modern Warfare 2 players have discovered a secret menu tabCall of Duty: Modern Warfare 2 players have discovered a secret menu tab Call of Duty: Modern Warfare 2 crashes with every new update: “The game is unplayable”Call of Duty: Modern Warfare 2 crashes with every new update: “The game is unplayable” This is the Dominator 3, a Ford Super Duty without a tornadoThis is the Dominator 3, a Ford Super Duty without a tornado An off-duty policeman stopped a drunk driver – NewsAn off-duty policeman stopped a drunk driver – News Eurorepar is expanding its DPF range for light diesel and light duty vehiclesEurorepar is expanding its DPF range for light diesel and light duty vehicles
Avatar for Amani
Amani