The Ministry of Finance proposes to entrepreneurs the program Tax payer No cash. This is a proposal for those companies that most of the payment transactions carry out in the cashless system. It will be possible to obtain such “Premium Client” status from 2022. The company that gets it will benefit from the fastest VAT refund in Europe. The money will be in their accounts in maximum 15 days.
In recent years, many modern solutions have been introduced in the Polish tax administration, in partnership with customer-administration relations. The cashless taxpayer is another one of them.
The program will benefit retailers and consumers. The former, because for them it will be convenience and the ability to pay by card as many points as possible. No need to take care of the right amount of cash in your wallet or search for an ATM. For companies it is a relief on the terminal and greater liquidity thanks to faster VAT refund. The administration will gain reliable and transparent partners who will be able to return VAT in advance without having to control them
- Minister Tadeusz Kościński explains.
The accelerated VAT return is a revolution in the Polish tax system. But even more revolution will be that its status will be tested every month completely automatically. The only thing the taxpayer will have to do is to express his willingness to receive a quick return by clicking on the wishbox in the JPK file sent for a given month.
Automation is not only convenience, but above all safety. No formalities, no documents, no room for error or control. The non-cash taxpayer status will verify the KAS itself by compiling information from online cash registers with JPK files
- inform Deputy Minister Jan Sarnowski.
What does the non-cash taxpayer project predict?
Entrepreneurs will be given the opportunity to use one of two packages:
SILVER package, i.e. terminal relief in income tax
Expenditure for the acquisition of a payment terminal and the handling of payment transactions will not only be included in 100% to revenue costs but also deducted again in 100% on income under the tax credit.
The relief will cover a number of costs related to handling payment transactions such as rent fees, interchange fees or system charges. The maximum deduction is 1,000 PLN and in the case of taxable persons exempt from register offices, this will be 2,500 PLN.
Those entrepreneurs who have not accepted non-cash payments using terminals for the last year may benefit from the relief, as well as those who have used the Non-cash Poland programme and will maintain the acceptance of non-cash payments after the end of the programme. Such taxpayers will be able to benefit from the tax credit on the terminal to 2 years since they started to bear the costs of handling payment transactions.
GOLD package, or non-cash taxpayer
A cashless taxpayer is a Premium Client to receive two benefits. Higher, unlimited relief for the terminal and the fastest VAT return across the European Union – 15 days.
The package offers entrepreneurs :
- Relief for the terminal in income tax, which will operate indefinitely. The deduction will be due at 200%, and the maximum limit is 2,000 PLN A year. This means that for each euro spent on non-cash payments, the taxpayer will reduce the income by 3 PLN. First for a buck as the cost of earning income and then for another 2 PLN – as a relief. The preferential terminal allowance will benefit the entrepreneur who will be a non-cash taxpayer at least by 7 months in the tax year.
- The fastest VAT refund in Europe. The funds will appear in his account as much as possible 15 days. This. 4 times faster VAT return than the usual 60 days. As a result, fast money in the taxpayer's account and a large liquidity benefit.
According to the assumptions, the Non-cash Taxer project is to enter into force with the beginning 2022.