ARTICLE
17 November 1997

ZUS Changes

K
KPMG

Contributor

Poland Finance and Banking
From 1 July 1997, the calculation of social insurance contributions (ZUS) is to be amended; the most important changes are as follows:

  • The base for calculating ZUS contributions will include anniversary and other special awards where such awards are made more than once every 5 years.
  • The value of meals served in canteens for consumption during working hours, where employees have no right to take a cash equivalent, will not be included in the ZUS base. Such meals may be provided either by the company or by a caterer.
  • Lump-sum payments made to an employee for use of his private car for business purposes are not liable to ZUS up to the tax free limits.
  • Where the cost of life insurance policies does not exceed 7% of the current average ZUS contribution for employees in a given enterprise, such costs will not be included in the ZUS base. This is, however, conditional upon policies being purchased for at least half the employees, and the right to benefit under the policy may not vest in the employee for at least 5 years.

Tax laws and practise are constantly being revised and, whilst every effort is made to ensure that the information in this tax newsletter is accurate and timely, no decision should be taken on the basis of the information herein without first consulting with KPMG Polska.

Should you have any questions in relation to the above issues, please contact:

Oliver Sinton
KPMG Polska
LIM Center - Marriott Hotel - IX floor
Al. Jerozolimskie 65/79
00-697 Warsaw, Poland
Tel: +48 (22) 630 7236
Fax: +48 (22) 630 6355

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