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Anti-crisis shield

Anti-crisis shield in connection with COVID-19

Find support for your company:

ANTI-CRISIS DISC

Chosen assumptions anti-crisis shield:

  1. Exemption from the payment of ZUS contributions for 3 months (according to declarations submitted for the period from March to May) based on the application submitted for:

    • companies employing up to 9 employees as at February 29, 2020, if the employer was registered as a contribution payer before February 1, 2020. The exemption applies to contributions for the entrepreneur and the persons working for him,
    • self-employed persons paying contributions only for themselves who conducted business activity before February 1, 2020, with operating income (in the first month for which the application is submitted) up to the amount of PLN 15.681,00.

IMPORTANT !! Only ZUS contributions paid are subject to income and tax deduction. Consequently, exempting entrepreneurs from paying ZUS contributions in part for an employer will not constitute tax deductible costs.

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tax limits

Tax and accounting limits for 2020 - simplifications

Tax limits for 2020

Tax limits for 2020 determine the status of a small taxpayer for the purposes of CIT / PIT and VAT.

TAX LIMITS IN 2020SMALL TAX PAYMENT STATUS FOR CIT / PIT OBJECTIVES IN 2020SMALL TAX PAYMENT STATUS FOR VAT PURPOSES IN 2020
VALUE OF SALE INCOME WITH VAT IN 2019
(course from October 1, 2019
in roundabout up to PLN 1.000)
up to EUR 2.000.000
(PLN 8.747.000)
up to EUR 1.200.000
(PLN 5.248.000) *
ONE-OFF CUSHIONING
(exchange rate from October 1, 2019 in roundabouts to PLN 1.000)
up to EUR 50.000
(PLN 219.000)
-
CIT RATE9%-

*) The taxpayer running a brokerage enterprise, managing investment funds, being an agent, contractor or other person providing services of a similar nature (except for a commission) will obtain the status of a small taxpayer when amount of commission with VAT (or other form of gross remuneration) for services rendered in 2019. will not exceed EUR 45.000 (exchange rate from October 1, 2019, rounded up to PLN 1.000 -> 197.000 PLN).
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Employee Capital Plans

Employee Capital Plans - PPK support

Support for PPK - Employee Capital Plans

PPK - Employee Capital Plans is an instrument of voluntary and universal saving supported by the state in order to allow additional savings in the long term for all employees. The universality and joint distribution of burdens and obligations, as well as the ease of saving makes the PPK an opportunity for employees in accumulating additional funds, as well as an opportunity for employers to use PPK as a tool to increase the level of trust in the company, increase its attractiveness and motivation of employees. In global terms, the accumulation of savings will strengthen the capital market and should become an additional development impulse for the Polish economy.

Legal basis - Act of October 4, 2018 on employee capital plans Dz. Of Laws of 2018, item 2215, from 2019 item 1074, 1572.

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BDO register

BDO Register - waste database - new obligation

BDO register for entities introducing products, packaged products and waste management

Lack of entry in the BDO register is subject to an administrative fine from PLN 5.000 to PLN 1.000.000 and the penalty imposed by the court - imprisonment or fine.

From January 01, 2020, companies that generate waste and will not be registered in the BDO register will not be able to transfer this waste to the recipient and issue waste transfer cards in electronic form. The paper waste card will no longer function.

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Gift tax effects

Christmas gift - tax effects

Is the gift a tax deductible cost for the giver (provider)?

The purchase of a gift will constitute a tax cost, provided that the expenditure is incurred in order to generate income or to maintain or secure a source of income. In practice, this means that gifts should bear a company logo, of low value, and their delivery should be massively for advertising purposes (i.e. promoting the brand or products of the company). In addition, when input VAT on the purchase of gifts is not deductible, it is a tax deductible cost. In contrast, elegant and valuable gifts given to selected contractors and gift baskets in which we place branded sweets and alcohols are used to build or maintain good relationships and create a favorable image of the company, are representative and do not charge tax costs.

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Register of beneficial owners

Central Register of Real Beneficiaries - OBLIGATION OF COMPANIES

CENTRAL RECORDER OF BENEFICIARIES

The Central Register of Real Beneficiaries (CRBR) is used to process information on the actual beneficiaries of companies to prevent the use of the financial system for money laundering or terrorist financing. The provisions of the GDPR do not apply to the processing of personal data collected in CRBR. Companies that do not report their actual beneficiaries are subject to a fine of up to PLN 1 million.

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Individual tax bill

Individual tax bill

From January 01, 2020, taxpayers and payers of tax liabilities due to CIT, PIT, VAT and non-tax budget receivables will be obliged to regulate current payments, arrears and corrections resulting from previous settlement periods from the abovementioned taxes to an individual tax account.

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bad debts

Limitations of payment gridlocks - bad debts

BAD LONG - SUBJECT OF ADJUSTMENT:

From January 01, 2020 the "bad debts" rules will come into force for the purposes of CIT / PIT, similar to the provisions in force for the purposes of VAT.

IN CASE OF NOT REGULATED

  1. In the event of non-payment of claims under commercial transactions for a period of 90 days from the first day following the payment deadline specified on the invoice or contract:
    • the seller has the privilege reducing the tax base / increasing the tax loss by reducing tax revenues from unpaid receivables,1)
    • the buyer has an obligation increasing the tax base / reducing the tax loss by reducing tax costs (increasing tax revenues - for entities taxed in the form of flat-rate income tax) from unpaid liability.2)
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