Taxes on investing in Poland (2026)
Poland taxes investment income with a flat tax known as the podatek Belki (“Belka tax”).
| Capital gains on shares, ETFs, bonds | 19% of your yearly net gain |
| Dividends | 19% (Polish companies withhold it; for foreign dividends you top up the difference above the tax withheld abroad) |
| Losses | Can be offset against gains, including in later years under set limits |
| How you report gains | PIT-38, by 30 April of the following year |
Polish brokers send you a PIT-8C form each year summarising your gains and losses, which makes filing PIT-38 straightforward. With a foreign broker, you calculate the figures yourself from the broker’s annual statement, converted to złoty using the NBP exchange rate from the working day before each transaction.
Tax-advantaged accounts
- IKE (Indywidualne Konto Emerytalne): gains are tax-free if you keep the money until retirement age (60) and meet the conditions. There’s a yearly contribution limit, set each year.
- IKZE (Indywidualne Konto Zabezpieczenia Emerytalnego): contributions reduce your taxable income now; withdrawals after 65 are taxed at a flat 10%. Also has a yearly limit.
- OKI (Osobiste Konto Inwestycyjne) — new from 1 January 2027. The law was published in August 2026. Income inside an OKI is free of Belka tax; instead, a small annual tax applies to assets above the exempt amounts. Up to 100,000 zł of qualifying assets can be exempt, of which up to 25,000 zł in savings-type assets (deposits, retail bonds). There’s no deposit limit and you can withdraw at any time. Brokers and banks will announce their OKI offers during 2027.
Local tips
- Poland has one of Europe’s fastest-growing investor bases: XTB leads by number of accounts, with bank brokers like mBank and PKO BP close behind.
- Check whether your broker offers IKE and IKZE wrappers for ETFs. Using them first, before a regular account, can save a lot of tax over decades.
- Polish retail treasury bonds (inflation-linked) are a popular low-risk alternative to deposits, and qualify for the savings part of OKI.
This is general information, not tax advice. Check your situation with the Krajowa Informacja Skarbowa or a tax adviser.
Sources
Brokers you can use from Poland
Researched October 2026. Listed for information, not as a recommendation. Fees change often, so compare them on each broker's official pricing page.
Local brokers
International platforms
- Real shares & ETFsYes
- CFDsYes
- Regulated byCySEC (EU), FCA (UK), ASIC (AU) +2
- Real shares & ETFsYes
- CFDsYes
- Regulated byKNF (PL), CySEC (EU), FCA (UK) +2
- Real shares & ETFsYes
- CFDsYes
- Regulated byFCA (UK), CySEC (EU), FSC (BG) +1
- Real shares & ETFsYes
- CFDsNo
- Regulated byBaFin / Bundesbank (DE)
- Real shares & ETFsYes
- CFDsYes
- Regulated bySEC / FINRA (US), FCA (UK), Central Bank of Ireland (EU) +5
- Real shares & ETFsYes
- CFDsNo
- Regulated bySEC / FINRA (US), CFTC / NFA (US), SIPC member
About CFDs: some platforms above also offer CFDs. These are leveraged products and most retail CFD accounts lose money. For long-term investing, make sure you are buying the real shares or ETF units.
Your three routes
Why you may not be able to buy US ETFs
EU rules (PRIIPs) require a standard Key Information Document for many retail products. Most US-domiciled ETFs don't publish one, so brokers serving retail clients in Poland usually block them. The usual alternative is UCITS ETFs: European-domiciled funds tracking the same indexes.
The costs that matter
See how fees change the end result with the compound interest calculator.
Who protects you
The KNF (Polish Financial Supervision Authority) supervises investment firms in Poland. Before opening an account, find the broker in the official register, or confirm its licence lets it serve residents of Poland. No clear regulator is a red flag.
As an EU country, Poland follows EU investor-protection rules (MiFID II), and the EU compensation framework protects at least €20,000 per investor if a firm fails while holding your assets.