Polish Deal – changes in keeping records and books of account

18 August 2021

The Polish Deal introduces new requirements for enterprises with respect to keeping records and books of account.

Starting from 2023, enterprises will be required to record business transactions in electronic format only and to submit records to the tax office as a logical structure, as is now the case with JPK_VAT.

PIT taxpayers will have to use computer software to keep their:

• books of account;
• revenue and expense ledger;
• records of tangible and intangible assets.

These enterprises will be required to submit information as at the end of the month or quarter (depending on how tax advances are determined) and, additionally, after the end of the tax year by the same deadline as for filing the annual return.

CIT taxpayers, in turn, will be required to keep their books of account or simplified records of revenues and expenses in electronic format and to file them by the deadline for filing the tax return, i.e. by the end of the third month after the end of the tax year.

The Minister of Finance may issue a regulation in which he will specify the scope of additional information to be included in the records or will exempt certain entities from the requirement to submit such information (this applies to PIT taxpayers).