The limit on the obligation to keep accounts has been increased to 2,000,000 EUR revenue for the previous financial year. Previously, the threshold was 1,200,000 EUR.
Commercial companies are obliged to keep accounts (so-called full books) regardless of the amount of income. However, natural persons, civil partnerships of natural persons, public partnerships of natural persons and partnerships must keep accounts after exceeding the quota limit.
Amount 1,200,000 EUR for the previous financial year, it shall be calculated using the euro rate of the National Bank of Poland per year. first October working day. In the year 2017 first the date of October was Sunday and account should therefore be taken of the day 2 October 2017.
Increase of threshold from 1,200,000 EUR to 2,000,000 EUR is particularly beneficial for entrepreneurs operating in the sector of special agricultural production departments. This category includes:
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- cultivation in heated greenhouses above 25 m2,
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- cultivation in greenhouses not heated above 25 m2,
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- cultivation in heated film tunnels above 50 m2,
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- cultivation of fungi and their fungi – above 25 m2 cultivation area.
Special agricultural production units are a specific category of agricultural activity which is subject to income tax. The change in the limit for this category means that an entrepreneur who achieved income in the previous financial year, e.g. 1,500,000 EUR, may settle the tax according to the so-called estimation standards without the need to keep accounts.