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News


Tax-free amount in 2019:

The amount from which seasonal successive agriculture does not have to follow. From PLN 3091, it increased to PLN 6,600 and was applicable in the PIT settlement for 2017. In 2019, we will settle the tax with a free amount equal to PLN 8,000.

  • Taxpayer who returned or fell less than PLN 8,000 will not pay tax.
  • Free rate with income from PLN 8,000 to PLN 13,000. It will amount (from degressive rules) from PLN 8,000 to PLN 3091. The higher the income, the lower the tax-free amount
  • When the income is higher than PLN 13,000, but lower than PLN 85,528 to the free amount will amount to PLN 3091
  • With income between PLN 85,528 and PLN 1277,000, the amount will range from PLN 3091 to PLN 1. After exceeding PLN 127,000, there is no tax-free amount.

Amount in dollars in 2019:

  • 1440 PLN - when the income does not exceed PLN 8,000 (then it does not pay tax)
  • 1440 PLN of the tire-dead according to the formula: 883 PLN 98 gr × (tax base - 8000 PLN) ÷ 5000 PLN, for all taxes from 8000 PLN and not exceeding 13000 PLN;
  • PLN 556, PLN 0.2 - for all concession marks from PLN 13,000 and not exceeding PLN 85,528
  • 556 PLN 02 gr. Benevolent. Fixed number: 556 PLN 02 gr × (tax base - 85 528 PLN) ÷ 41 472 PLN, for basic concession data from 85 528 PLN and not exceeding 127 000 PLN.

Taxes

The government has adopted four draft amendments to taxes. They will not only be beneficial, but also disadvantageous for taxpayers. The tax on unrealised profits (exit tax) will be relaxed. Similarly, reporting requirements for tax schemes. A lower, 9% CIT rate will not depend on profitability. In one project there are regulations that are supposed to facilitate simplification of regulations, and in the other - sealing solutions. Here are some of the changes that are coming in great steps!


Spouse's salary

PIT taxpayers who employ their spouses or minor children will be able to include their remuneration (net) as tax deductible costs. Today it is possible to deduct only ZUS contributions from such salaries.

Thanks to the change, the spouse's employment costs will be settled in the same way as other employees and co-workers. After the changes, the entrepreneur could not include only the value of his own work as tax deductible costs (this is still the case today).


Settlement of losses

PIT and CIT taxpayers will be able to settle the loss faster. In 2019 it will be possible to deduct even up to PLN 5 million once, and the remaining part will be deductible according to general rules, i.e. within the next five years (however, in none of them the deduction could exceed 50% of the loss amount).


Smoother exit tax

In the tax sealing project, the government maintained its desire to introduce an exit tax for both legal and natural persons who transfer their selected assets abroad or move to another country (provided that they have lived in Poland for at least 5 years). What is new, however, is to raise the limit for natural persons from PLN 2 million to PLN 4 million. In other words, they will be subject to tax on unrealised profits only if the value of transferred assets exceeds PLN 4 million.


Lower CIT rate

The government also reiterated its desire to reduce the CIT rate from the current 15% to 9% for small taxpayers (whose gross sales revenues exceeded the equivalent of EUR 1.2 million; the government also plans to raise this limit to EUR 2 million) and start-ups.

The profitability of a small taxpayer will not matter (the original draft assumed that 9 percent of CIT will be paid only by entrepreneurs with profitability not exceeding 33 percent).


Small taxpayers

The revenue limit allowing the taxpayer to be considered small for income tax purposes will increase from EUR 1.2 million to EUR 2 million. This status gives, for example, the right to one-off depreciation of fixed assets up to EUR 50,000 and to apply a lower CIT rate.

The limit of EUR 2 million of revenues is currently in force in the Accounting Act. It allows not to keep complete books, e.g. by natural persons and their companies. The new limit in income taxes will apply from 2020.


Accounting books

The draft adopted by the government also provides for a shortening of the storage period of the approved annual financial statements. It will have to be kept for 5 years and not, as is the case today, indefinitely. Currently, only the accounts have to be kept for 5 years.