Starting from 1 January 2025, the government introduced new regulations regarding tax reporting as part of JPK CIT (CIT SAF-T) for the first group of taxpayers. The new regulations result in the need for more detailed financial information in order to improve tax supervision. Who will be covered by the new CIT SAF-T regulations in the individual deadlines? What exactly do the changes entail?
Changes in the Polish CIT SAF-T refer to: tax capital groups; CIT payers that generated a revenue exceeding EUR 50 million in the previous year; other CIT payers that are covered by the mandatory reporting in the next years.
CIT payers will have to keep account books in an electronic form and send them to the competent head of the tax office in form of standardized XML files. The new file structures include:
The schedule for the introduction of changes in the CIT SAF-T is spread in time. From 1 January 2025, the government will introduce a reporting obligation for tax capital groups and CIT payers with a revenue exceeding EUR 50 million. From 1 January 2026 – for other CIT payers obligated to send JPK_V7, while the remaining CIT payers will be covered by the new reporting obligation from 1 January 2027.
New regulations introduce a set of changes in the structure of data that must be collected in the accounting books. CIT SAF-T reports must contain detailed data, such as:
In order to get ready for the changes in the Polish CIT SAF-T, business owners must first make sure that the accounting system they use meets the requirements in the scope of the obligatory CIT SAF-T reporting. Then, one needs to update the account plan and assign them with adequate tags. Next – it is necessary to verify the data in the register of fixed assets on an ongoing basis and make the necessary updates.
Update of the accounting software – companies will need to make sure that their financial and accounting systems are capable of generating files in the required JPK CIT format. This might result in the need to purchase new tools or update the existing software.
Personnel training – workers of accounting departments will have to receive training within the scope of operation of the new systems and generation and delivery of JPK CIT files. It means additional funds and time spent on training.
Verification of accounting processes – companies will have to thoroughly analyze their accounting and tax procedures in order to make sure that they are reported correctly. It might require internal audits and making changes in the existing processes.
Testing for generation of SAF-T files – companies should carry out tests in terms of the delivery of CIT SAF-T files before the end of 2024 in order to identify the potential problems and solve them before new regulations come into force.
IMPORTANT! Risk of sanctions for non-compliance with the new SAF-T regulations! Failure to comply with the SAF-T reporting obligation may lead to severe sanctions, including financial penalties – even up to PLN 1 million in case of serious negligence – and fiscal criminal liability for people who do not fulfil their relevant duties.
The experts at MDDP Outsourcing offer support in the preparations for the new SAF-T reporting obligations, including activities such as:
Preparation for the SAF-T regulations is crucial for meeting the new legal and tax requirements. In case of possible questions or need for additional information, please contact the experts at MDDP Outsourcing. > Contact us today! <