Five charts showing key tax changes. 2021 will not be an easy year for us

The government boasts about tax cuts while introducing increases elsewhere. We have decided to illustrate the most important taxes that are increasing and show how they have developed in the past in five charts. Garbage fees will be the most painful, followed by electricity prices.
On December 31, 2020, the Ministry of Finance published a graph on Twitter showing the CIT reduction for small businesses. Since 2017, the income tax for this group of entrepreneurs has decreased from 19% to 15%, and in 2019 to 9%. Minister Kościński points to last year's reduction of the lowest PIT rate to 17%.
“Although the ending year was exceptionally difficult, we continued working on lowering taxes,” said the finance minister. ‘The effects of our work, in the form of solutions such as the Estonian CIT, changes in the lump sum, or the extension of the application of the 9% CIT rate, will come into force on January 1,’ he added.
At the same time, the new VAT matrix will reduce the tax rate on tropical fruits, bread and pastries, baby products and hygiene products from 8 to 5 percent.

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