The year 2020, which has just begun, brings some changes to the Polish tax system. The country, which is ranked 40th in the Doing Business ranking, represents an interesting scenario for many companies, being one of the seven countries that receive the most foreign investment in the EU.
Therefore, we review in our 2020 Updates series some of the most relevant legislative upgrading that should be considered in the daily management.
“White list” of taxpayers
The “white list”, which is an electronic list of VAT payers administered by the Ministry of Finance, has been active since September 2019. The list includes current bank account numbers related to business activity. Entrepreneurs are responsible for verifying that the accounts of their suppliers are included on the “white list”. If a payment exceeding PLN 15 000 gross is made to a bank account not included on the list the entrepreneur becomes jointly and severally liable with the seller for the VAT and is barred from treating this expenditure as a tax-deductible cost for CIT purposes. Following the introduction of the „white list”, entrepreneurs face practical problems with the ongoing verification of large numbers of supplier bank accounts.
Individual bank account for taxpayers
Up to 2020 January 1st Polish tac liabilities were paid to tax authorities’ bank accounts dedicated to different type of taxes, such as PIT; CIT, VAT. After that date, each PIT, CIT and VAT taxpayer and tax remitter should transfer all of their Polish tax liabilities concerning the above taxes to their individual tax account (so called micro account) regardless of whether such payments will concern one’s liabilities for 2020 or for prior years. The micro bank account will remain unchangeable even if the tax payer changes residency, surname or tax office. Tax authorities do not intend to advice the taxpayers on their individual micro account number. Instead, all taxpayers and tax remitters will need to obtain the relevant number on their own, either by visiting any tax office in person or generating it online on an official Ministry of Finance webpage after providing the tax identification number.
New JPK_VAT and liquidation of the declaration
Legislator concluded that a VAT declaration is no longer needed. In 2020, the forms will be replaced by a new JPK_VAT file. The new structure will include taxpayer identification data, the period for which the declaration or correction is submitted, as well as information indicating the amount of tax. The record part is to reflect the history of transactions carried out. There will be dates of purchase and sale and their respective tax rates. Here, entrepreneurs will also include business partner data and invoice numbers. The new JPK file will make it unnecessary to send VAT-7 and VAT-7k declarations, as well as sending attachments to forms (VAT-ZZ, VAT-ZD, VAT-ZT). These prints will be replaced with additional fields to be completed in the structure of the new JPK_VAT file.
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