Lowering of the limit for B2B cash transactions to PLN 8 thousand – tax implications
One of the changes introduced as part of the Polish Deal as of 1 January 2022 is the lowering of the amount threshold in the Business Law determining the obligation to make cash payments in B2B transactions. The existing PLN 15,000 limit will be PLN 8,000 once the changes come into effect, which will affect tax settlements in certain areas where tax regulations directly refer to the provision of Article 19.2 of the Polish Business Law.
Due to conflicting information appearing in the media, we would like to clarify that the amount determining taxpayers’ obligations with respect to the application of the split payment mechanism will remain unchanged at PLN 15 thousand.
Source MDDP
