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Poland's Parliament Approves Controversial Bank Tax Hike

10/20/2025

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Summary

Story summary

Poland's parliament approved a plan to raise banks' corporate income tax from 19% to 30% next year, down to 23% by 2028.
The finance ministry frames the move as social justice amid rising profits, while the banking sector says it is discriminatory and could hinder growth.
The ruling coalition backs the bill, which also targets financial startups and seeks to generate significant state revenue, while President Karol Nawrocki could veto.

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Story summary

Poland's parliament approved a plan to raise banks' corporate income tax from 19% to 30% next year, down to 23% by 2028.
The finance ministry frames the move as social justice amid rising profits, while the banking sector says it is discriminatory and could hinder growth.
The ruling coalition backs the bill, which also targets financial startups and seeks to generate significant state revenue, while President Karol Nawrocki could veto.