Poland to raise VAT exemption limit to PLN 240k from 2026, says FinMin
From next year, the VAT tax subjective exemption limit will be raised to PLN 240,000 (EUR 57.312), Poland's Finance Minister Andrzej Domanski announced at a press conference. As a first step, the obligation to report more than 70 percent of so-called domestic tax schemes will be abolished.
"From next year, we will also raise the limit for VAT subjective exemption to PLN 240,000. It is this limit that has not been raised for many years and thanks to this increase, tens of thousands of Polish companies will be able to have a smaller and limited reporting," Domanski said.
As he pointed out, his ministry is reviewing the reporting obligations of entrepreneurs and eliminating those that are duplicated or simply unnecessary.
"As a first step, we will eliminate the obligation to report more than 70 percent of so-called domestic tax schemes. In the amendment to the law, we will further simplify the provisions, reduce the amount of certain criminal sanctions and limit the interpretation doubts that arise," the Finance Minister announced.
"In addition, we are removing the obligation to draw up so-called tax strategies. Tax strategies serve no one and no purpose," he added.
Domanski pointed out that his ministry is also addressing the issue of so-called tax statutes of limitations raised by entrepreneurs.
"We are proposing that, as a rule, the initiation of proceedings relating to a suspected fiscal offence and fiscal crime does not affect the tax statute of limitations. The exceptions will be the most serious offences strictly defined in the law," he explained.
In the minister's view, this means a radical narrowing of the grounds for extending the five-year limitation period.
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