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Learn morePoland: 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.
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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