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In Poland you pay 4349 USD/year (72% of net minimum wage). It's required for literally any recurrent economic activity, even selling old things on classifieds
by dfiiubuie 6y ago
In Poland you pay 4349 USD/year (72% of net minimum wage).
It's required for literally any recurrent economic activity, even selling old things on classifieds sites.
That's just for basic sole-proprietor. Private limited company is much more complicated. I wouldn't dare to register it. So it doesn't exist.
- bluesign 6y agoCan you share any source on this, I am very curious, is it tax?
- pzduniak 6y agoHe's talking about a social insurance required to be self-employed. Apples to oranges.
- jarek-foksa 6y agoYeah, he is also presenting it from a perspective of someone running a side businesses with low revenue. As a sole proprietor you pay only 16255 PLN/year for your health and social insurance. This is no matter how big your income is and what your health condition is. You could be making millions while suffering from a chronic disease and you would be still paying the same minimal amount for your insurance. There are also some ways to reduce it even further, e.g. if you are starting your first business.
- deleted 6y ago[deleted]
- xchaotic 6y agoThis is such FUD. I run a company in Poland and pay flat 19% on profits. You can also choose to pay 32% but you can then include a lot more expenses. If somehow you feel neither option is good enough for you, you can run your business from Estonia or Czech Republic or any other EU country.
- jarek-foksa 6y agoBusinesses developing and selling their own software products can easily reduce the effective income tax rate even further to 5% with the new IP Box regulations. This is an extremely low rate for a developed country and there are plans to make tax avoidance by limited companies even easier in 2021 by incorporating solutions from the Estonian tax system.