isa
28 Feb 2009
Law / Banking tax Procedure in Poland [14]
Please correct me if I'm wrong: if I open a CD (lokata) in a Polish bank at 5%, at the maturity date I will collect my interest earnings minus the capital gains tax (podatek) of 18%, which in effect lowers the rate to under 4%?
Is everyone subjected to this tax, even if unemployed? And why is the bank in the business of collecting taxes? Doesn't the Polish IRS (urzad skarbowy) trust its citizens to pay their dues at the end of the fiscal year ? ;-)
Please correct me if I'm wrong: if I open a CD (lokata) in a Polish bank at 5%, at the maturity date I will collect my interest earnings minus the capital gains tax (podatek) of 18%, which in effect lowers the rate to under 4%?
Is everyone subjected to this tax, even if unemployed? And why is the bank in the business of collecting taxes? Doesn't the Polish IRS (urzad skarbowy) trust its citizens to pay their dues at the end of the fiscal year ? ;-)