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In July, the government decided to reduce the PIT rate from 18% to 17% for revenues from the first tax threshold, while also raising tax-deductible costs. The amendment to the Income Tax Act still causes a lot of controversies. The regulation is to enter into force on October 1st, 2019. The ordinance that lowers the … <a href="https://arpiaccounting.com/en/pit-rate-reduction-17/">Continued</a>

The split payment mechanism has been in effect in Poland from July 2018 as an optional method of paying for VAT invoices. An amendment of the relevant bill will come into force on November 1st, 2019. According to the new provisions, the eventuality will become an obligation – at first only in selected industries. The … <a href="https://arpiaccounting.com/en/obligatory-split-payment/">Continued</a>

Effective from September 1st, 2019, the so-called white list of active VAT payers will start to apply. The list will be a unified version of two lists, currently maintained by the Ministry of Finance, and will include, among others, the official account number of each VAT payer. This is important because, under the new provisions, … <a href="https://arpiaccounting.com/en/white-list-vat-taxpayers/">Continued</a>

At the beginning of July, the Polish Government passed a law exempting employed earners under the age of 26 from the obligation to pay personal income tax. According to forecasts, the new provisions will cover approx. 2 million young taxpayers. The zero income tax will come into force on August 1st, 2019. The new legislation … <a href="https://arpiaccounting.com/en/zero-income-tax-for-young-employees/">Continued</a>

The auditing industry awaits major changes beginning next year. The government ratified an amendment to the Act on Statutory Auditors, which will create the new entity: Polska Agencja Nadzoru Audytowego (PANA), to replace the Audit Oversight Commission and local government institutions. The regulation comes into force on August 31st, 2020. The main reason behind the … <a href="https://arpiaccounting.com/en/major-changes-in-regulations-concerning-statutory-auditors/">Continued</a>

The beginning of 2020 will bring a revolution in the periodical settlements with the State Treasury. Standard Audit File for Tax JPK_VDEK – which will replace most of the previous VAT statement formats – will become effective for the major domestic taxpayers on January 1st. On July 1st, the reform will extend to the remaining … <a href="https://arpiaccounting.com/en/jpk-vdek-uniform-control-file-mf/">Continued</a>

Starting on January 1st, 2020, each taxpayer in Poland will have a personal tax account to which they will transfer all amounts due to the tax office. Following last year’s introduction of individual accounts for social insurance contributions, this is another step towards simplifying the method of communication between the taxpayer and the Treasury. Works … <a href="https://arpiaccounting.com/en/tax-microaccount-for-taxpayers/">Continued</a>

An amendment to the Act on VAT that introduces the possibility of using online cash registers entered into force on 1 May this year. Representatives of sensitive industries – meaning those which are particularly vulnerable to tax irregularities – will have to obtain new cash registers starting on January 1st, 2021, and in some cases … <a href="https://arpiaccounting.com/en/online-cash-registers-from-when-for-whom/">Continued</a>