Tax payers should prepare for further amendments to tax law. The most important changes that will come into force are indicated below. 2018
PIT Act:
- For those who earn the least there will be an increase in the tax-free amount. This amount will increase from the current 6,600 PLN to 8,000 PLN. The amount of tax reduction from 556.02 PLN to dic 1,188 PLN to 0 PLN. Its amount will depend on the value of the tax base (income minus tax costs minus income deductions). The higher the base, the lower the tax reduction amount, and thus more will have to be paid to the tax office.
- From 2018 assets with a value up to 5,000 PLN they will not have to be depreciated and can, as equipment, be credited directly with tax costs.
- The Ministry of Finance has prepared a regulation that sets out new models of claims, declarations and tax information on personal income tax. Models of PIT-4R forms, PIT-6, PIT-8C, PIT-11 and PIT-R.
CIT Act:
- Separation two revenue sources: capital gains, economic activities and special agricultural production divisions. Revenue and costs in both sources will be accounted for separately.
- Credit for expenditure on intangible services (e.g. advisory, accounting, advertising, marketing, legal) and the use of copyright, industrial property rights or know-how to 5% revenue plus depreciation and the difference between revenues and external financing costs. The limit applies to costs exceeding 1,200,000 PLN.
- Companies operating in tax capital groups will no longer be able to include donations as revenue costs.
VAT Act:
- A split payment mechanism will be introduced. It is that one payment (one transfer) for purchased goods or services will be distributed (automatically by the banking system) to two bills. A payment corresponding to the net sales value will affect the supplier's bill. On the other hand, the remaining payment corresponding to VAT will affect the supplier's special bank account - the VAT account, which will allow the tax authorities to have more control over VAT payments.
- The introduction of electronic fiscal receipts is planned.
- From 1 January 2018 the obligation to keep electronic VAT records (VAT sales register and VAT purchases register) and to send it as a Single Control File for VAT purposes (JPK VAT) will also cover micro-entrepreneurs. Therefore, the obligation to transfer JPK VAT without calling the tax authority will be from 2018 all VAT taxable persons are concerned.
Excise duty law:
Ministry of Development and Finance also wants from 2018 to include electronic cigarette liquids (so-called liquids) and novel goods in excise duty. In these cases, general tax legislation on excise duty, such as those imposing a banerolling obligation, is to be found.
Author:
Rafał Dąbrowski
Senior Manager in Tax Advisory. Lawyer, tax advisor, restructuring advisor. At Russell Bedford in charge of the Department of Tax Advisory. From 2011 It provides advice to leading companies from various sectors of the economy. In particular, he specializes in consulting the steel, fuel, construction, transport, real estate and IT industries. Speaker of conferences and training on tax law. Author of numerous tax-related articles published in the industry press.