- Poland’s Ministry of Finance is reconsidering the implementation of the JPK_CIT system, which requires businesses to submit electronic corporate income tax reports. The system aims to improve transparency and compliance by providing detailed data on corporate tax calculations.
- The JPK_CIT framework involves the submission of structured, electronic reports containing financial information, aligning with Poland’s broader tax digitization strategy. The reports will allow tax authorities to cross-check revenue, expenses, and tax bases.
- While the reporting requirement is currently scheduled to begin in January 2025 for larger companies, the Ministry of Finance has suggested potential exemptions or deadline extensions for certain taxpayers. However, medium and large businesses are still expected to comply, with non-compliance resulting in fines or increased scrutiny from tax authorities. Businesses affected by the mandate should stay informed and prepare their tax reporting systems accordingly.
Source RTCsuite
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