Unfortunately, in every country, if we earn any money legally, regardless of whether we are employed on a mandate contract or it is a full-time contract or a contract for specific work, we must pay taxes.
We have to pay taxes in almost every situation, even from getting rich, even if we get a drop, win something or just buy a house or a car, usually in such cases we also have to pay tax.
Following this line of reasoning
Also if we want to save money in a bank or enrich ourselves on our savings, for example through bank deposits, it is also necessary to pay tax, of course not on the amount we multiply, but on the amount we will make.
Therefore, answering the question whether the deposit tax is necessary, unfortunately you have to answer in the affirmative. However, what exactly does it look like? What is the interest rate on such a deposit and how was the deposit tax calculated at all?
We have to start explaining this by returning to 2004, when a completely new tax called Belka tax was introduced in our country. What kind of taxation is this? This is, of course, a type of tax which relates to a financial measure such as bank deposits and which was of course named after the Minister of Finance, who then managed the financial affairs of our country. This year, as you justified, the introduction of the tax made the most sense and it was also a kind of compliance with current rules throughout Europe, where such taxes are also paid.
So what does it look like?
Currently, in our country, the tax on all profits referred to as capital gains as well as on the profits generated by the deposit is as much as nineteen percent on this profit. Any example? Here you are. Let’s assume that during the whole year we obtained a profit of PLN 1,000, which increased thanks to the deposit.
It is not difficult to guess that this deposit must have had quite a lot of money, because if it were not so, the profit would not be so large either. Returning to the subject – having just such a profit, before paying the money due to us, the bank is obliged to deduct nineteen percent of this amount from this amount, so in this case it would be PLN 190.
This is not a small amount at all, given that the percentage on the deposit is also not so big, even small – despite this, you actually earn doing nothing, and if the money is to be idle, why not, right?
True, but what does it look like in other countries?
Well, in other European countries there are also such rules, but there is no single capital gains tax as for example in Poland. So what does it look like? There are countries where there is simply no binding regime, which seems to be very harmful to people, because it seems that at any moment a lot can change and it may turn out that they have to pay more than less. Again, there are also countries in which this tax is not charged at all, as it was some time ago with us in Poland.
It is worth mentioning a few European countries, namely how it is, for example, in France, Italy or Great Britain. So what does it look like there? There, for example, a tax is levied not only on deposits but also on funds or on the profit on the sale of real estate. Unfortunately, this is how it looks, everywhere countries live from taxes, if not from one thing than from others.