Table of Contents:
- What Tax Changes Are Planned for 2025?
- When Will the Tax Changes in 2025 Take Effect?
The outline of the planned changes in tax laws has been published in the list of legislative and program works of the Council of Ministers. The details of the proposed modifications are not yet available, as work on the draft laws is ongoing, with publication expected by the end of August or September. The proposed changes are said to address the need for streamlining regulations, eliminating interpretative discrepancies, and tightening the tax system. Unfortunately, it seems that one of the main objectives is to increase the level of taxation for businesses and individuals.
What Tax Changes Are Planned for 2025?
Among the key changes, the following plans were highlighted:
- Equalizing the tax situation of individuals receiving benefits paid to meet family needs (the marital property regime will not affect taxation);
- Exempting from tax compensation paid to the injured party by the insurer within the framework of a deductible franchise;
- Exempting from tax aid received due to financial hardship;
- Applying a tax deduction for thermomodernization expenses incurred under projects implemented by local government units (so-called umbrella projects);
- Clarifying that the taxpayer can reduce the income used as the basis for calculating the solidarity levy by losses from previous years;
- Tightening regulations regarding the taxation of family foundations;
- Changes in the IP Box preference—introducing an employment requirement;
- Streamlining the regulation governing the tax exemption for housing benefits provided, under acquired rights, in the Act on the State Protection Service;
- Eliminating interpretative doubts regarding the term “financial resources” used in the tax-exempt aid provided under a program financed with European funds.
When Will the Tax Changes in 2025 Take Effect?
According to the information provided, the Council of Ministers is expected to adopt the draft in the third or fourth quarter of 2024. The draft will then enter the legislative process. The changes may take effect as early as the following year, although there may be concerns about whether taxpayers will be given sufficient vacatio legis.
