- President Andrzej Duda signed the SLIM VAT 3 package, which implements many postulates submitted to the Ministry of Finance by entrepreneurs.
- New solutions include simpler invoicing, reducing formalities and improving the financial liquidity of companies.
Facilitations in VAT settlement included in the SLIM VAT3 package:
- Improving the financial liquidity of companies
We are increasing the sales value limit of a small taxpayer to EUR 2 million, which will increase the number of taxpayers entitled to use the cash accounting method and quarterly VAT settlements.
We are expanding the possibility of using funds on the VAT account – they will also be used to pay the tax on the extraction of certain minerals, the tax on retail sales, the so-called sugar tax, shipbuilding tax, monkey tax and tonnage tax.
- Reduction of formalities in international trade
We resign from the requirement to have an invoice for intra-Community acquisition of goods (WNT) when deducting input tax on this account. We are introducing regulations that enable submitting corrections to declarations outside the OSS and IOSS systems directly to the Łódź Tax Office.
- Fewer corrections and friendly VAT settlement
We clarify the rules for applying the conversion rate for correcting invoices when the invoice was issued in a foreign currency.
We introduce the possibility of resigning from the correction if the difference between the preliminary and final proportion does not exceed 2 pp
We eliminate the obligation to agree with the head of the tax office in the form of a protocol of proportions to deduct input tax. Instead, we introduce a requirement to notify the head of the tax office of the adopted proportion.
We are increasing the amount allowing for recognition that the proportion of deduction specified by the taxpayer is 100%, in a situation where this proportion exceeded 98%, from the current PLN 500 to PLN 10,000. zloty. The change applies to taxpayers who carry out taxable and VAT-exempt activities as part of their business and enables the deduction of the entire VAT amount in the case of taxpayers for whom a significant part of the turnover is VAT-taxable activities.
We regulate the issues of transferring funds between VAT accounts in a group, i.e. we introduce the possibility of transferring funds from the VAT account of a group member to the VAT account of a representative of this group.
- Simpler invoicing and fewer obligations
We are introducing simplifications in the field of reporting settlements regarding invoicing (e.g. adapting the conditions for issuing invoices to e-receipts) and keeping sales records using cash registers (e.g. the possibility of waiving the obligation to print fiscal documents by taxpayers). We are introducing a new electronic receipts distribution system.
- Simpler and transparent access to tax knowledge
We consolidate the issuance of binding information by designating a single authority competent to issue WIS, WIA, BTI and WIP.
We unify the regulations on the rules for issuing and using WIS and WIA, i.e. binding information of a national nature. We eliminate the fees for the application for the issuance of WIS.
- More effective management of state budget expenses
We are introducing a review of expenditures into the public finance system.
We resign from the obligatory issuance by the tax authorities of decisions on crediting the payment/overpayment/tax refund against tax arrears and interest for late payment.
In addition, the SLIM VAT3 package includes changes in the following areas:
- JPK_PIT and JPK_CIT
We are postponing the entry into force of the obligation to keep books electronically and to send them to tax authorities (JPK_PIT and JPK_CIT) by one year. Thanks to this, taxpayers will have more time to prepare their IT systems.
We introduce favorable changes for taxpayers in JPK_PIT in relation to the obligation to submit them. After the change, the taxpayer will send information in the same way as in the case of JPK_CIT, only after the end of the year (and not monthly or quarterly).
We exclude certain groups of taxpayers from the obligation to keep electronic books, e.g. farmers’ wives’ circles and non-governmental organizations. The Minister of Finance will have the right to extend the ordinance to the groups of taxpayers excluded from this obligation.
- Rehabilitation relief
We are expanding the catalog of people with disabilities, which allows the taxpayer to deduct expenses incurred for the benefit of a close person as part of the rehabilitation relief. Thanks to this change, the taxpayer will be able to take advantage of the relief if a disabled grandson, granddaughter, grandmother or grandfather is dependent on him. This solution will already apply to the settlement for the current year.
- Discounts for children (concerning a child with a disability)
We are eliminating the income limit for parents raising one disabled child. In this way, we will make it possible for those taxpayers who have not been able to take advantage of this relief so far due to exceeding the income limits. This solution will already apply to the settlement for the current year.
- Lump sum on private rental income
In order to meet the expectations of taxpayers, we are changing the rules of lump-sum taxation on registered income income earned by spouses from the so-called private rental. After the change, spouses will apply a higher flat rate of 12.5% of income only after exceeding the limit of PLN 200,000. PLN (currently the limit is PLN 100,000), regardless of whether they settle these revenues separately or decide to tax them in their entirety by one of them. Thanks to this, the spouses will pay a lower lump sum. This solution will already apply to the settlement for the current year.
- personal income tax
- We make it possible to provide the Your e-PIT service also for the settlement of income from business activity.
- We clarify the provisions on withholding tax.
- We are introducing changes implementing the SRRK tax solutions, e.g. those that allow the offsetting of income and losses from investments in equity funds with income and losses from other equity investments. In addition, we are changing the applicable rules of taxation of interest on bonds in a way that will ensure an analogous level of taxation, regardless of whether the investor purchases bonds on the primary or secondary market.
- Inheritance and gift tax
We increase the amounts free from inheritance and donation tax. From July 1, 2023, the following amounts will be tax-free up to the value of assets:
- PLN 36,120 – if the buyer is a person classified in the first tax group;
- PLN 27,090 – if the buyer is a person classified in the second tax group;
- PLN 5,733 – if the buyer is a person classified in the third tax group.
The amounts are much higher in the immediate and extended family circle, and only slightly higher in the case of strangers – due to the risk of tax fraud and tax avoidance, both in the inheritance and gift tax and in the personal income tax (expansion of the shadow economy in economy, e.g. by referring to fictitious donations).
The provisions of the SLIM VAT3 package will generally enter into force on July 1, 2023.
Source: gov.pl
