Przejdź do głównej zawartości Go to search

Archives. Accounting

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.

More
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).
More
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)
More
Taxpayers' whitelist

White list of VAT payers

WHITE LIST - CHECK THE ACCOUNT BEFORE YOU PAY FOR AN INVOICE

The white list contains the list VAT payers active and exempt from VAT and VAT payers to which the head of the Tax Office did not register, taxpayers removed and restored to the VAT register.

The list allows, among others checking the taxpayer's status as per the given day of checking and settlement invoice numbers.

From January 1, 2020, all transactions between active VAT taxpayers whose one-off value exceeds PLN 15.000,00 gross should be regulated through the settlement account, which is on the white list of VAT taxpayers.

More
Split payment method - MPP

Mandatory split payment method

Split payment method

The split payment method (MPP) in a mandatory form for some transactions enters into force from November 1 2019.

MPP includes invoices for transactions that meet two conditions in total:

  • the transaction concerns the purchase of goods and services listed in Annex 15 to the Act on VAT, which includes transactions of purchase of goods and services previously listed in Annex 14, 13 and 11 of the VAT Act, covered by the reverse charge mechanism and joint and several liability, including parts and accessories for motor vehicles, coal and coal products, electrical machinery and equipment, parts and accessories thereof,
  • the total amount due from the invoice (i.e. the gross value of the entire invoice) exceeds PLN 15.000,00.
More
VAT - reverse charge

Reverse charge - construction services

The reverse charge mechanism consists in transferring the VAT settlement obligation from the supplier to the buyer. A reverse charge transaction exempts a taxable person supplying goods or service from the obligation to pay VAT. As a consequence, the seller issues a sales invoice without VAT, with the annotation "reverse charge" and prepares a VAT-27 declaration. On the other hand, the entity obliged to charge VAT is the buyer, who at the same time retains the right to deduct input VAT on the purchase.

More
cash transaction limit

Lowering the limit of cash transactions

From January 01, 2017, the limit of cash transactions between enterprises referred to in art. 22 paragraph 1 of the Freedom of Business Activity Act to 15.000,00 zł.

The new rules apply for transactions concluded from January 01, 2017.

More
JPK - uniform control file

Uniform control file - JPK

What is a uniform control file?

The Uniform Control File (JPK) is a collection of data on business operations for a given period, generated from business entity's IT systems through direct export in a standardized layout and format to tax authorities and fiscal control authorities.

More
Revenue and cost adjustment

Revenue and cost adjustment - change of regulations

Correcting invoices recognized in the month of issue

From January 1, 2016, corrective invoices issued as a result of receiving a return of goods, rebates or an increase in price resulting from the terms of the contract are to be included as a revenue adjustment in the accounting period in which the corrective invoice was issued, by reducing or increasing revenue

More
EnglishpolishSwedish