As a reminder, it was announced that certain changes in the cash payment limit will be applied in January 2024. But according to the latest information, there will be no changes. For the second time, the new lower limit of non-cash payments is postponed; at the beginning of 2022, it was supposed to be up to 8,000 PLN, then from January 1, 2023. Now we have the third date of entry into force of the new regulations.
No changes to cash payment limits in Poland in 2024
Public
Poland
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
616
Content accuracy validation date:
31.07.2023
Content accuracy validation time:
08:34h
More precisely, on July 19, the president of Poland signed an act amending the act on personal income tax, the act on corporate income tax, and certain other acts, as well as the act on flat-rate income tax on certain revenues earned by natural persons. The purpose of the act is to prevent the regulation from entering into force on January 1, 2024, which was supposed to limit the use of cash in both business and consumer transactions.
In summary, as of January 1, 2024, no cash transaction limits for individuals will be introduced. (It was announced that from January 1st, 2024, it will not be allowed to make any cash payments if the total value of the transaction exceeds PLN 20, 000 in B2C transactions.) In turn, the limit for entrepreneurs will be maintained at the current level of 15,000 Zloty. (It was announced that it would be 8,000 zloty.)
The president has also stated that this measure is being introduced because those limits may lead to complications in certain types of transactions, especially by micro and small entrepreneurs, including craftsmen and sole proprietors.
Other news from Poland
E-Receipts in Polish Retail: Can Buyer Consent Replace Paper Receipts?
Poland
Author: Nikolina Basić
Entrepreneurs using online cash registers to record sales to individuals who do not conduct business activity can now issue electronic receipts, known as e-receipts, with the customer's consent. This development raises questions about whether businesses can exclusively issue e-receipts without providing a paper version. Read more
Fiscalization in Poland: incorrect programming of a cash register
Poland
Author: Nikolina Basić
Taxpayers in Poland who sell goods or provide services to individuals not engaged in business activities, as well as flat-rate farmers, are required to use cash registers to record sales. This mandate, stemming from the VAT Act, necessitates meticulous programming of cash registers to avoid errors that could lead to significant consequences. Read more
Latest E-Invoice Obligation Updates in Poland
Public
Poland
Author: Nikolina Basić
Poland
Author: Nikolina Basić
The Polish government has delayed the mandatory implementation of the National E-Invoice System (KSeF) from July 2024 to 2026, with large companies required to comply by February 1, 2026, and all other businesses by April 1, 2026. This postponement follows system errors and concerns about KSeF's efficiency, giving businesses more time to prepare for the transition. Final consultations on the syste... Read more
Details regarding deposit system for plastics from 2025 in Poland
Poland
Author: Nikolina Basić
Starting January 1, 2025, Poland will implement a mandatory deposit system for glass, plastic bottles, and cans. This new regulation will become an integral part of everyday shopping, requiring consumers to pay a deposit for packaging. This change raises questions about the impact on VAT taxation and product prices. Read more
VAT reliefs for flood victims in Poland
Poland
Author: Nikolina Basic
Due to the flooding, which caused significant material damage, leaving many residents homeless, the Ministry of Finance has introduced zero VAT for donations of goods and services in connection with aid for those affected by the disaster. Also, the Ministry of Finance in Poland announces customs duty exemptions for essential imports in Poland. More precisely, the Ministry of Finance announced that imports of basic necessities such as food, medicines, clothing, and bed linen, intended for free distribution to people in need by state organizations or authorized charitable and benevolent organizations, will be exempt from customs duty. Read more
Changes in VAT 2025 in Poland
Public
Poland
Author: Nikolina Basic
Poland
Author: Nikolina Basic
The Council of Ministers in Poland has recently published the assumptions for a draft act aimed at amending several key legislative acts, including the Act on Tax on Goods and Services, the Act on Excise Duty, and other related acts. This proposed legislation introduces significant changes, particularly in the areas of reduced VAT rates and the reverse charge mechanism. Additionally, it includes a... Read more
No integration of online cash registers with payment terminals in Poland
Public
Poland
Author: Nikolina Basić
Poland
Author: Nikolina Basić
In a significant move, the Ministry of Finance in Poland has proposed an amendment to the VAT Act, relieving entrepreneurs from the obligation to integrate online cash registers with payment terminals. This requirement, initially introduced by the Polish Deal, was never enforced as it was immediately postponed. The Ministry cites the lack of technically compliant terminals as the primary reason fo... Read more