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 2020||SMALL TAX PAYMENT STATUS FOR CIT / PIT OBJECTIVES IN 2020||SMALL 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 |
|up to EUR 1.200.000
(PLN 5.248.000) *
(exchange rate from October 1, 2019 in roundabouts to PLN 1.000)
|up to EUR 50.000 |
|*) 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).
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.
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.
One-off transaction value - definition
From January 01, 2020, you will not be eligible for tax deductible expenses a transaction where the other party is a domestic or foreign entrepreneur and its one-off value will exceed 15.000 zł bad and will be done:
Taxation of rental of residential real estate and re-invoicing for utilities
Taxation of real estate rentals
The rental of real estate is taxed at a rate of 23%.
Rental of real estate for housing purposes is exempt from VAT. The VAT exemption does not apply to accommodation services provided by hotels, motels and other hotel facilities (PKWiU 55), where taxation is 8% VAT.
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.