Poland seeks to boost investment with new tax-free personal accounts
Up to 100,000 zloty (€23,200) can be invested tax free.
Poland has introduced new tax-free personal investment accounts to encourage citizens to build savings and inject billions into its domestic financial market. These Personal Investment Accounts (OKI) permit investment assets up to 100,000 zloty (€23,200) without capital gains tax, with up to 25,000 zloty of those funds allowed to be in savings assets like bonds and deposits.
The government expects this scheme to result in about 74 billion zloty flowing to the Warsaw Stock Exchange by 2040. Finance Minister Andrzej Domański views the OKI as the largest change in years for individual investors and the biggest project aimed at building domestic capital.
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