The taxman saw an opportunity. Creditors targeted
The Swiss franc borrowers have a problem. The Tax Office is demanding the money they received as part of the settlement with the banks.
More text below the video
Franc borrowers, i.e. people who took out a loan in Swiss francs, do not have an easy life. Years ago, the installments of their liabilities suddenly skyrocketed because the currency, which was supposed to be very stable, turned out not to be so at all.
Many people had trouble paying the monthly premium. Ultimately, almost all of them reached an agreement with the banks and reached settlements, under which they often received large sums of money. The thing is that now they have to pay for it, as Rzeczpospolita reports.
The Swiss franc borrowers have a problem
Franc borrowers who have reached an agreement with the bank regarding the settlement of a loan in a foreign currency have a problem. In many cases, they received money from the bank, which is called remuneration for waiving further claims. The point is that they are not subject to waiving tax collection pursuant to the regulation of the Minister of Finance.
What does this mean? You have to pay tax on the amount received from the bank – 12%. for the first tax threshold and as much as 32 percent if the amount is significant and exceeds the second tax attempt. The tax office is already demanding this money, treating it as income from other sources.
Can taxes be avoided? Yes, but it depends on the bank. This would, for example, have to pay out amounts resulting from the difference between the loan balance and overpayments, as advised by attorney Maciej Małanicz-Przybylski from the KBiW law firm. Then they would not be taxable. Another solution is to change the regulation of the Minister of Finance.
