Despite the enthusiastic tone of government messages, Polish Deal According to entrepreneurs, it does not meet the requirement of a well-prepared law.
Tax offices operate on a full pair, as do accounting offices and law firms. Polish Deal It's already working and it's supposed to benefit us.
18,000,000 However, in the meantime, they are gaining a lot of confusion and concern about whether the tax settlement in the new shape will actually help cope with the cost wave, or on the contrary, will result in smaller write-offs than in previous years. one of the most important changes is a very strong increase in the tax-free amount.
To use it on an ongoing basis each month, please submit PIT-2, i.e. the employee's statement for the purposes of calculating the monthly advance on income tax on individuals. For entrepreneurs, the real problem will be the calculation of new ZUS contributions, as well as the minimum tax.
- The abolition of the flat-rate health contribution to the income contribution means that any difficulties and problems associated with the establishment of the income tax base will now complicate the calculation and payment of the appropriate health insurance contribution. Any corrections, errors, disputes with tax offices, will translate into problems with settlement from the Social Security Office. The Act forces the update of accounting, pay and reporting systems, which, in addition to serious costs, generates a very heavy burden on the employees of responsible departments – says Przemysław Pruszyński, tax advisor, tax department director Polish Confederation Lewiatan.
The relevant minimum tax is protested by the Polish Chamber of Commerce. It points out that this regulation will leak the tax system and impose sanctions on entities that have been reliable taxpayers for years.
The justification for the project indicated that the new tax will be paid by large foreign corporations, which benefit in Poland, but do not pay income tax (the elimination of the foreign CIT gap). Contrary to this declaration, the change will hit mainly Polish entrepreneurs who will be charged additional tax in the name of the fight against abuses of foreign companies.
The justification for the project indicated that income not exceeding 1% revenue is inadequate to scale and type of business. This is obviously not true. After first, the scale of activity is typically achieved by applying low margins (i.e. low income).
After second, in many industries low margins, not exceeding 1%, They're a rule all over the world. Therefore, the threshold 1% was established against market realities. For the determination of the tax base, the profitability ratio of the CSO was adopted, which is the average of all sectors of the economy.
However, it is clear that the profitability of the various sectors of the economy varies substantially (e.g. communication and information) 9.1% a Mining minus 5.5%.
As a consequence of this error (no account taken of the actual profitability of the individual industries), some industries will pay this tax by definition, without optimising, which is contrary to the objective of the Act. Moreover, the amount of the tax will be determined in isolation from the actual viability of the industry.
Thus, it will include an element of the sanction imposed on those who pay all taxes conscientiously.
The explanatory memorandum states that the aim of the law is to seal the tax system. In the meantime, the immediate effect of this system will be to seal the system and reduce budgetary revenues. The proposal provides for repeal Article 15 e CIT Act, which will mean the abolition of the existing restrictions on the transfer of profits to entities with a profitability exceeding 1%.
The new tax will cause companies to be additionally burdened at the time of the downturn, which will further impair them in relation to foreign competition.
And as long as foreign competition has financial resources to continue to function efficiently in the period of deconiunktura, the Polish company will fall into serious financial problems. We have here a reversal of the generally accepted rule that the more people earn, the more taxes they pay.
Here's the rule, the lower the pay, the higher the taxes. This is an additional pressure towards price increases and inflation.
The justification does not contain an analysis of the impact of the new regulation on the functioning of the market, such as the pressure on consolidation, which, by nature, will be implemented by foreign companies at the expense of Poland and by larger companies towards smaller ones.
It is worth noting that no analysis of the impact of the regulation on the SME sector has been carried out, assuming that regulation does not apply to this sector. This effect will certainly take place as the phenomenon of low profitability and loss occurs in each sector.