The Ministry of Finance has published a new draft regulation imposing additional obligations on taxpayers to submit accounting books to tax authorities in a format based on the JPK_KR structure. They also released new logical structures JPK_KR_PD and JPK_ST, collectively known as JPK_CIT. Taxpayers will now be required to submit data based on two separate, new logical structures, which presents significant changes compared to the original version from last year. This will bring challenges for taxpayers, including the need to adjust data collection approaches, update financial and accounting systems, and implement new IT solutions. The new regulations also introduce mandatory reporting elements for the JPK_KR_PD schema, affecting the tagging of ledger accounts for tax purposes. However, taxpayers following IAS and IFRS standards may be exempt from some of these obligations.
Source PwC
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