The Ministry of Finance reported that a tax consultation on the provision of logical financial statements structures had begun. As can be seen in the published communication, the unified structure of financial statements is intended to facilitate business activity in Poland, in particular in the small and medium-sized enterprises sector.
The consultation was divided into two stages – first the stage concerns the logical structures of the financial statements set out in the Annexes to the Accounting Act, and second, the remaining logical structures of the accounts, including the regulations implementing the Accounting Act, will be presented.
The desire to amend the submission of financial statements should be assessed positively, as the present form of reporting to tax authorities may make it difficult for obliged entities to do so. The digital form of financial statements therefore definitely has a chance to simplify the process. Certainly, as in the case of the JPK, it would be useful to launch a public gate with a tool for dispatch, as well as with the instructions attached to it, which should be based on the comments of stakeholders.
It should be borne in mind that the purpose of the consultation is primarily to diagnose needs in an area in which entrepreneurs affected by the changes will function in the future. They are best aware of their own financial and accounting systems and the issues related to the generation of information from accounting books, and can therefore help the ruling authorities to develop solutions that will best implement the common good principle.
Ongoing tax consultations are an opportunity to put forward practical proposals for changes that will concern the financial report makers. This is all the more important because the financial and accounting systems in place on the market have different solutions for data collection and sharing. Therefore, in order to enable individuals to transmit these data efficiently, they may submit their proposals and comments on 23 July 2018 to address konsultacje.sf@mf.gov.pl
Only opinions with detailed reasons for the proposals will be examined. The Ministry of Finance reserves the right to publish the submitted opinions on the MF website in the “Activities” section of the “tax consultations” tab available at the link http://www.mf.gov.pl/ministerstwo-finansow/dzialalnosc/konsultacje-podatkowe .
Other logical structures of financial statements, including those resulting from the Implementing Regulations of the Accounting Act, will be presented during tax consultations in the second stage (August 2018). The MF will inform them in another communication.