As follows from the amendment of the Law on PIT and CIT and the Act on Economic Freedom, which is expected to enter into force on 1 January 2017., company payments in amount that exceeds 15.000 PLN can only be made through a bank account. For entrepreneurs, this means that the payment above this amount – paid in cash – will not be classified as a deductible.
What about the transactions concluded by the end of the year?
As stated in the Communication Office of the President: “In accordance with the transitional provision, changed regulations of the Law on income tax from individuals and the Law on income tax from legal persons apply to payments made in the fiscal year beginning after December 31, 2016. At the same time, this solution shall not apply to payments arising from transactions concluded before 1 January 2017, if the value of the transaction does not exceed the current (15.000 EUR) limit. In addition, new rules will not apply to the payment of the costs included in cost of revenues prior to the entry into force of this Act.”