Poland adopts new Personal Investment Account tax regime

The Polish Sejm approved legislation establishing Personal Investment Accounts (OKI) that will replace the existing 19 % Belka tax on capital gains with an asset‑based levy. The tax applies only to funds placed in OKI accounts and is triggered once the value of assets exceeds set thresholds: PLN 25 000 for cash deposits and PLN 100 000 for securities. In 2027 the rate will start at 0.85 % per year and will later be tied to the National Bank of Poland’s reference rate.

The law also introduces higher exemption limits for inheritance and donation taxes – the first‑group family exemption rises to PLN 36 120, while the second‑ and third‑group limits remain at PLN 27 090 and PLN 5 733 respectively. New procedural reforms simplify the registration of heirs in land‑registry books, reduce paperwork for tax filings on inheritances and gifts, and allow electronic filing by notaries.

Additional changes affect the social security system: from 2027 ZUS will move procedures for disability‑pension assessments from regulations into the Social Insurance Act, clarifying the handling of missed medical examinations and the possibility of hospital observation.

Together, these measures aim to stimulate private investment, modernise inheritance processes and streamline disability‑pension administration.