Polish Deal: New obligations for entrepreneurs from 2023
As part of the Polish Deal, the government plans to introduce a new obligation for people who conduct their own business activity to keep books together with records in electronic form from 2023. According to the method of PIT settlement, entrepreneurs will send electronic books of accounts to the tax office in a structured form (Article 193a §3 of the Tax Ordinance). In addition to the accounting books in electronic form, it will also be required to keep a tax book of revenues and expenses as well as records of fixed assets, intangible and legal assets. The above-mentioned books will have to be delivered to the tax office at the end of the tax year (the deadline for submitting the tax return is April 30 of the following year). Until now, taxpayers provided the tax office only with JPK_VAT (SAF_T) with the declaration.
These requirements will also apply to the CIT. CIT clearing entities will have to keep all books of account electronically and deliver them within the time limit pursuant to Art. 27 sec. 1 of the CIT Act – not later than by the third month of the completed tax year.
The Minister of Finance predicts further possible changes to the draft regarding the required data contained in the books and records, and even the possibility of exempting certain entities from the obligation to send them to the tax office.
Sławomir Buszko, Partner co-responsible at ID Advisory for the development of the JPK365 tool, sees the proposed changes as the next step in digitizing tax reporting processes: “Tax automation is a clear trend that appears in growing number of areas every year. Certainly, as in similar cases in the past, it will require from the companies to be efficient in the transition to the new electronic information delivery system, both in terms of technical preparation for file transfer and substantive testing of their correctness. So far, the greatest emphasis has been placed on JPK VAT files, the analysis of which helped the authorities select companies for inspection. Taxpayers who want to protect themselves in the event of an inspection use tools that allow them to test files before sending them to the Ministry, which allows you to send a clean and error-free file. The emergence of electronic books in the field of CIT will also be a big challenge for our organization. We are already working on developing a tool that will allow our clients who have been testing their JPK VAT files to analyze them also in terms of CIT. “