For some companies, the use of accounting services is a daily routine, for others – a big decision concerning a change in the current model of operations. Regardless of whether you have already used the services of external accounting for a business or just started thinking of such a change, we think that a successful outcome depends on the choice of a partner that offers comprehensive accounting in a way that satisfies your expectations.
Accountancy Services
Keeping records in a systematic and chronological manner based on accounting evidence
Preparation of financial statements and reports for the Central Statistical Office
Storage of accounting documents in the archive
Development of a chart of accounts and accounting policy
Registration of accounting documentation in the OPTIMA financial and accounting system
Control of accounting documents in accounting and formal terms
Maintaining a database with information on VAT on goods and services
Sending PIT11 tax declarations (additional service) Settlement of intra-Community transactions (WNT, WDT, import/export of services, trilateral transactions);
Confirmation of balances of settlements with the company's contractors; Representation before the Tax Office.
TAXIATION IN POLAND
In Poland, taxation encompasses three primary categories:
Corporate Income Tax (CIT), Personal Income Tax (PIT), and Value Added Tax (VAT). Here’s a comprehensive overview combining information from both sources:
Corporate Income Tax (CIT):
• CIT is imposed on legal entities based on their income. There are two flat rates: a general rate of 19% and a reduced rate of 15% for new businesses or those with limited revenue.
• Polish resident companies are taxed on their worldwide income, while non-resident companies are taxed solely on income generated within Poland.
• Tax incentives like R&D relief and Special Economic Zone tax relief are available to CIT payers, fostering economic growth and innovation.
• Legal entities are eligible for tax reliefs and benefits under specific conditions.
Personal Income Tax (PIT):
• PIT applies to Polish tax residents on their global income. Determining tax residency is based on factors like personal and economic interests or time spent in Poland.
• Non-residents are taxed on income derived from Polish sources, maintaining simplicity in the tax system.
• Double taxation matters are resolved through Dual Tax Treaties or Polish PIT regulations, ensuring fairness for individuals with international income.
• PIT allows for varied deductions and reliefs, such as child benefits and charitable contributions, promoting social welfare and individual well-being.
Value Added Tax (VAT):
• VAT in Poland operates under a standard rate of 23% alongside reduced rates of 8%, 5%, and exemptions, enhancing consumer purchasing power and economic activity.
• The VAT system encompasses various transactions, including local supplies, imports, exports, intra-community acquisitions, and supplies, aligning with EU standards.
• Businesses engaging in taxable activities must register as VAT taxpayers, ensuring compliance with the law and facilitating revenue collection.
• Reporting periods for VAT filings vary, allowing flexibility for small businesses to opt for quarterly reporting based on their needs and operations.
By incorporating details on CIT, PIT, and VAT, individuals and businesses in Poland can navigate the tax landscape efficiently, leveraging tax incentives, reliefs, and regulations to optimize their financial strategies and compliance efforts.
SOURCES AND FOR MORE : PODATKI.GOV.PL
IMPORTANT TAX DEADLINES IN POLAND FOR BUSINESS
Value Added Tax (VAT):
• VAT-7 Return: Due on the 25th of each month for the previous month, filed as monthly installments.
o Form: VAT-7
o Submission: Tax Office, electronic communication only.
Corporate Income Tax (CIT):
• Monthly CIT Payments: Required by the 20th of each month, for the previous month’s obligations.
o Submit by: CIT-8 Form
o Deadline: Submission post-tax year is not mandatory; 3 months after tax year end by March 31.
o Submit to: Tax Office, electronically.
Personal Income Tax (PIT):
• PIT-4 Payment: Due by the 20th of the month following remuneration disbursement.
o Form: PIT-4R for annual detailing on personal income tax advances.
o Submit to: Tax Office, solely through electronic channels.
Flat-Rate Personal Income Tax:
• Flat-rate PIT (PIT-8A): Settlement by the 20th of the month after reward allocation.
o Annual Reporting: PIT-8AR by January 31 for the preceding year.
o E-Submission: Tax Office, only electronically.
National Disabled Persons Rehabilitation Fund (PFRON):
• Fund Contributions: Payment expected by the 20th following the commitment initiation.
o DEK-I-O and DEK-R Forms: Monthly and annual returns.
o Submissions: Utilize the E-PFRON platform for reporting.
Social Contributions for Employees:
• ZUS DRA Payment: By the 15th of the month after wage payment.
o Managing ZUS: Monthly remittance electronically.
Information on Personal Income Tax:
• PIT-11 Filing: Due based on employee or taxpayer obligation and submission method.
o PIT-11 Form: Annual return material.
o PIT-11 Channels: Tax Office and employee, utilizing electronic or physical routes.
These key tax deadlines are essential for businesses in Poland to maintain compliance, meet financial obligations, and manage their tax responsibilities effectively.
