Important changes for entrepreneurs and taxpayers in 2024

Due to the planned changes in tax law, entrepreneurs must take into account the need to implement new legal regulations. Below we present the most important changes in tax law in 2024, which will certainly apply to you.

From July 1, 2024, it will be mandatory to issue invoices in the National e-Invoice System. From July 1, 2024, entrepreneurs will be required to issue structured invoices. It will not be possible to issue invoices in paper or electronic form in their current form.

2. Minimum tax

As part of the tax reform known as the Polish Order, a minimum CIT income tax was introduced. The changes will come into force from January 2024, and entrepreneurs will pay the new levy for the first time in 2025 if they have tax losses or do not exceed 2%. break-even point (share of income in revenues). According to the legislator’s intention, the new tax is to limit situations in which large enterprises, despite generating significant revenues, report constantly low income or losses.

The minimum tax will covertaxpayers who have their registered office or management board in the territory of the Republic of Poland, and are therefore subject to tax liability on all their income, regardless of where they are earned, tax capital groups and taxpayers conducting business through a company located in the territory of the Republic of Poland Poland – a foreign establishment which incurred a loss from its operating activities for a given tax year or whose share of income in revenues did not exceed 2%.

3. Plastic tax

From January 1, 2024, some taxpayers will be obliged to pay a new tax, the so-called plastic tax, in accordance with the SUP Directive. The obligation to pay plastic tax will apply to entities conducting commercial or catering activities. They will have to charge a fee to their consumers (so-called end-users) when dispensing drinks and food in disposable plastic cups or containers.

4. Flat tax

In 2024, the limit of health insurance contributions for entrepreneurs on a flat tax rate will also change. They will be able to deduct or include a higher amount as costs. Hence, these taxpayers will be able to either deduct from their income part of the health insurance premiums paid in the tax year:

1. due to their non-agricultural business activities subject to flat tax,
2. for people cooperating with them – however, the total amount of these contributions included in costs or deducted from income will not exceed PLN 11,600 in 2024. In 2023, it was PLN 10,200

5. Tax reliefs

Taxpayers filing PIT for 2023 will be able to benefit from the same reliefs and deductions as last year. Only the family relief and joint settlement of rental income by spouses have been modified.

In accordance with the changes introduced to the Personal Income Tax Act, it was decided to abolish the income limit for parents raising one child
with disabilities. The change will allow taxpayers to benefit from the child tax relief who until now, due to exceeding income limits, could not benefit from this tax relief. This solution will apply to the settlement for the current year. This means that when settling PIT for 2023, parents of disabled children will be able to benefit from the relief regardless of their income.

As part of the changes introduced to PIT, the rules for lump-sum taxation on registered income earned by spouses will change.
from the so-called private rental. Due to the introduced change,spouses will apply a higher lump sum rate of 12.5% of income only after exceeding the limit of PLN 200,000. PLN (currently the limit is PLN 100,000) regardless of whether they settle these incomes separately or decide to have them taxed in full by one of them.Thanks to this, the spouses will pay a lower lump sum from rental income.

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