- Small businesses and entrepreneurs can opt for cash-based VAT reporting if annual sales are below €250,000 starting January 2025
- Poland approves cash basis law for small entrepreneurs
- Cash PIT option available for independent entrepreneurs with income below EUR 250,000
- Taxpayers can choose Cash PIT by submitting a declaration to the tax office
- Personal income tax will be paid only after receiving payment for goods or services
- Income from business activities must be recognized after two years from invoice issue starting January 2025
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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