My WordPress Blog Wed, 27 Feb 2019 02:04:53 +0000 en-US hourly 1 A payday loan and the required tax Wed, 27 Feb 2019 02:04:53 +0000

We often face the necessity of asking a loved one for a payday loan. Others can also ask us to borrow money. In such cases, we should know that a payday loan agreement in certain cases may mean the need to pay a special tax on civil law transactions. When do we have to pay it and when we are released from it?

The Act of 9 September 2000 on tax on civil law transactions (Journal of Laws of 2000 item 86 No. 959) indicates that payday loans are taxed. The tax rate is 2 percent of the base according to the law, i.e. the amount of money borrowed. The tax, however, is not always necessary in payment. How does it look like in the case of payday loans from the family, and how from non-relatives?

A payday loan from the family

We can count on a tax exemption primarily when the payday loan is granted in the family. In the light of the regulations, people who belong to the first tax group are exempt from tax, namely: spouses, descendants (children, grandchildren and so on), parents (grandparents, etc.), stepchild, son-in-law, daughter-in-law, siblings, stepfather, stepmother and parents-in-law.

Taxes in the amount of PLN 9,637 are exempt from tax – this is the limit for one person and applies to a period of 5 years.

It is also worth mentioning that there is a possibility of tax exemption even above this amount. In this case, the payday loan must be granted between the closest family, the so-called tax group 0, which includes the spouses, descendants, ascendants, stepchildren, siblings, stepfather and stepmother.

A payday loan from unrelated persons

In this case, the payday loans are already taxed, i.e. the mentioned 2% tax rate. However, there are exceptions to this rule. We present them below.

Under the provisions of the tax exemption, they are subject to :

• payday loans in the amount of PLN 5,000 per one person or 25,000 from many people received over three years

• payday loans from cash registers, for example, company fund funds, trade unions, employee relief and payday loan funds, company social benefits fund

• payday loans granted by a partner in a capital company

• payday loans granted by entrepreneurs providing payday loans and not having their registered office or management in the territory of the Republic of Poland

• payday loans from special purpose funds created on the basis of the Act

Notification of the tax office about the payday loan

In order to be entitled to unlimited exemption as per the regulations, it is necessary to notify the tax office, and the receipt of the payday loan must be properly documented. It must be transferred to a bank account with a clear marking of the title.

We should notify the tax office within 14 days from the conclusion of the payday loan agreement on the declaration on tax on civil law transactions (PCC-3).

When the taxpayer can not take advantage of the unlimited exemption, and the payday loan is more than the limit, then we have to calculate the tax, report it on the said print and pay within 14 days from the date of the payday loan.

]]> 0
A quick payday loan not only via the Internet Tue, 26 Feb 2019 00:33:22 +0000


Do you need quick money? Now you can apply for an internet payday loan – without leaving your home. However, we can get instant cash out of the network. Where is it worth looking for?

For a payday loan, we do not have to go to a bank branch or a non-banking payday loan company at all. We can apply online. This method has become very popular in recent years and is used by more and more people.

We can choose a full range of online lending – chwilówki , which are usually taken out for a period of one month, as well as the payday loan installment that we can get longer and pay in convenient installments. But let’s focus on payday loans available offline – where can you get them quickly?

1. A payday loan in an outlet

If you need quick cash, you can go to a bank or payday loan company outlet. In many of them you can get a payday loan as proof, so we do not have to provide additional documents, for example a certificate of employment and earnings.

We will get an instant payday loan in a branch mainly when we apply for smaller amounts and have good creditworthiness – without negative entries in BIK. Then we can go out with cash in a few minutes.

2. A payday loan at the post office

For a payday loan, we can also go to the post office – here we are talking not only about payday loans offered by postal banks, but also about payday loans from other lenders that we receive at the post office.

In this case, the payday loan with the bank check deserves attention – we can submit an application on-line, but we collect the money in the window, presenting a special document. We can get such a payday loan even in one day!

3. A payday loan at the pawnshop

After a quick cash, we can also go to the pawnshop, if we have something that we can pledge. It can be jewelry, watch, electronics, cell phone to mention only some items. Of course, the greater the value of such a thing, the more we will be able to borrow.

We will get a payday loan at a pawn shop in one day – the pawnshop employee will be able to quote the item we present on the spot, and then offer us a price. The item is left at the pawnshop. If we want to recover it, we must return the payday loan – of course in a higher sum than the one we received. Otherwise, the item becomes the property of the pawnshop.

4. A payday loan with housekeeping

Some non-bank payday loan companies offer payday loans to homeowners with their clients. In this case, a company employee comes to the customer and signs a contract with him and transfers money.

However, we must remember that a payday loan with housekeeping will be associated with higher prices than a payday loan taken independently – via the Internet or in an outlet.

In summary, we can get a quick payday loan today not only online.

If, however, comfort is important to us, we should remember that it is on-line that we can borrow money simply – without having to leave home and transfer to our bank account even the same day.

]]> 0