100,000 PLN Free of Belka Tax: President Signs OKI Act
President Karol Nawrocki has signed the Personal Investment Accounts act, which exempts up to 100,000 PLN in investment assets and 25,000 PLN in savings assets from the Belka tax starting in 2027....
President Karol Nawrocki has signed the Personal Investment Accounts act, which exempts up to 100,000 PLN in investment assets and 25,000 PLN in savings assets from the Belka tax starting in 2027.
Launch of Personal Investment Accounts in 2027
Personal Investment Accounts are scheduled to be launched starting in 2027. President Karol Nawrocki signed the act introducing OKI, under which investment assets valued up to 100,000 PLN and savings assets up to 25,000 PLN will be exempt from the Belka tax.
Development of the Domestic Capital Market
The OKI act aims to fulfill one of the current government’s priorities, which is the development of the domestic capital market. According to the legislation, OKI would enter into force on January 1, 2027. Investment assets denominated in Polish zlotys, such as stocks and investment fund units, would be exempt from the so-called Belka tax up to the amount of 100,000 PLN. Meanwhile, savings-character assets, such as bonds and deposits, would be exempt up to 25,000 PLN.
