In the act dated on October 29, 2021, signed by the Polish President on November 15, 2021, amending the act on personal income tax, the act on corporate income tax, and some other acts, the so-called “The Polish Deal” was made also an amendment to the regulations of the Entrepreneurs’ Law, which cover a new limit on cash transactions, applied from 2022.
The limit of cash payments in B2B transactions, compared to the current one, will be reduced from PLN 15,000 to PLN 8,000 or its equivalent in a foreign currency. This change also affects tax law. It means that from January 1, 2022, making or receiving payments related to the business activity performed must take place – as before – via the entrepreneur’s payment account in each case where the party to the transaction from which the payment results is another entrepreneur and the one-time value of the transaction, regardless of the number of payments resulting therefrom, exceeds – and is new – PLN 8,000 or the equivalent of this amount, and transactions in foreign currencies are converted into the Polish currency according to the average exchange rate of foreign currencies announced by the National Bank of Poland on the last business day preceding the transaction date.
Source asbtaxblog
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