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TAX ON DEPOSIT INTEREST IN POLAND


posts: 3

heywood100Threads: 9
Posts: 10
Joined: Jul 18, 10 ♂ 		 Oct 17, 10, 13:31    #1
I am from Ireland but living in Lodz. Love the place.

Anyhow, I have bank accounts with ING here and they are quoting 3.25% on Euro deposits.

Do you know if Polish banks deduct tax from the rates they quote or what hte tax situation is generally?

Thanks
ZedThreads: -
Posts: 304
Joined: May 25, 10 ♂ 		 Oct 17, 10, 16:33    #2
Yes, all banks withhold 19% tax on interest at source. What you see advertised is gross interest rate.
tipo3sThreads: 1
Posts: 2
Joined: Oct 20, 10 ♂ 		 Oct 20, 10, 22:05    #3
At the end of the year you will receive a letter stating the amount that was remitted to the Polish tax office, even if you are not a Polish citizen or resident. This is proof of the income and that it has already been taxed in the EU, in case you need this for the future.


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