On February 15, 2021, a general ruling was issued (reference number DD5.8201.11.2020), in which the Minister of Finance indicated that the sale of one’s own receivables also generates revenue for the factor. This revenue should be disclosed independently of the revenue from the sale of goods and services, from which these receivables arose.
What does it mean for taxpayers?
Taxpayers will be obligated to show double income: first on the basis of a sales invoice (sale to the buyer of goods or services), and the second time when settling the transfer of receivables to the factor. The revenue will increase, and its size has an impact on, among others, whether a given entity can be accounted for as a small taxpayer and what reporting obligations it has – explains our expert Krzysztof Kasprzyk.
More information: Dziennik Gazeta Prawna