The Ministry of Finance reported that an amendment was adopted in the course of the work of the Public Finance Committee, which is to postpone the deadline for the submission of a statement CIT-8 for 2020 and payment of tax for that year by day 30 June 2021 The draft is at the stage of work in committees and therefore the final adoption of the draft requires the completion of the legislative process. This amendment has the support of the Ministry of Finance and it seems that its adoption is already very likely.
The Ministry of Finance points out that such a change is not only more time to carry out activities related to the preparation of testimony but also more money in taxpayers' accounts, which improves the financial liquidity of companies. It may be indicated in the MF communication that the company accounts will remain approx.
10,000,000,000 PLN are a little too much simplification, as these are funds that have to be spent on paying the tax, indeed 3 months later, however, this does not mean that these funds can be used for another purpose, e.g. investments.
A more appropriate statement appears that companies will have more time to secure the funds needed to pay the tax. However, this effect on the financial liquidity of companies may also have some significance and the proposed changes will be accepted by taxpayers.
The situation of companies that have a different tax year than the calendar year is not yet clear and to what extent this planned change will apply to them. We are therefore waiting for the legislative work to be completed to confirm the proposed amendment.
Source: MF's official Twitter account.