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Poland: Laws introducing VAT exemption in EU, optional cash method for small enterprises passed by lower house of Parliament

The laws are aimed at benefiting small businesses in Poland.

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October 2, 2024

The lower house of the Parliament (Sejm) on September 27, 2024, passed the first reading of a bill allowing small businesses with sales in the previous tax year not in excess of €100,000 a value added tax (VAT) exemption in other EU countries.

The Sejm on September 24, 2024, also passed a law introducing the option for businesses with revenue in the previous tax year not in excess of PLN 1 million to elect the cash method in accounting for costs and revenues (referred to as “cash PIT”) effective beginning in 2025.

Read a September 2024 report prepared by the KPMG member firm in Poland

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