A cash payment new limit postponed till 2023

Jan. 4, 2022 Poland

The legislator does not cease to surprise and at the last moment introduced changes to the so-called "The Polish Deal".

The Act introducing the so-called “The Polish Deal" lowered, inter alia, the amount in cash payments in B2B transactions from PLN 15,000 to PLN 8,000 gross value (or the equivalent in a foreign currency) in relation to the one-off transaction value, regardless of the number of payments resulting therefrom. The change was to take place from January 1, 2022, as informed in the article. However, at the end of 2021, the act dated December 9, 2021, amending the Excise Duty Act and certain other acts entered into force, where the Polish legislator postponed the amendment that had just been adopted in this respect, until the beginning of 2023.

This means no changes in the rules of cash payments between enterprises in 2022 and only from January 1, 2023, entrepreneurs paying by cash for goods or services purchased from another entrepreneur in the amount exceeding PLN 8,000 gross will bear negative consequences in terms of income taxes.

Importantly, the change does not affect the scope and rules of applying the split payment mechanism.

If you are interested in the topic, please contact our tax experts:

Anna Szafraniec
Anna Szafraniec CEE VAT Compliance Director
ASB Poland
aszafraniec@asbgroup.eu
Łukasz Woźniak
Łukasz Woźniak VAT Compliance Manager
ASB Poland
lwozniak@asbgroup.eu