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Poland: Extended due dates for corporate tax return filing, payment to 31 May 2020 (COVID-19)

Poland: Due dates for corporate tax return filing

The Ministry of Finance on 25 March 2020 announced that the deadlines for submitting CIT-8 returns by corporate taxpayers and the payment of the amount of corporate income tax due for 2019 are extended for all taxpayers until 31 May 2020.

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For taxpayers that have only tax-exempt income or have revenue consisting of revenue from work for public benefit (at least 80%), the deadline for submitting the return will be extended until 31 July 2020.
 

KPMG observation

The scope of entities covered by deadline extension was originally limited. In fact, the extension was to apply only to taxpayers that had only exempt income in 2019 or whose revenue consisted in at least 80% of revenue from work for public benefit, such as all kinds of associations, non-profit organizations, social organizations and foundations.

After receiving comments, the scope of the extension was expanded to apply for submissions of annual CIT-8 returns and payments of tax due for 2019 for all taxpayers.
 

What about the deadline for submitting financial statements?

Pending legislation would delegate authority to the Minister of Finance to issue a regulation amending the deadlines for preparing, approving, making available and submitting financial statements. Once the bill is passed by the Sejm and is enacted, the Minister of Finance would be authorized to issue a regulation deferring the deadlines for submitting financial statements.
 

Tax measures under "Anti-Crisis Shield"

The latest solutions included in the bill adopted by the government under the "Anti-Crisis Shield" provide for, among other items:

  • State coverage of payments of social security contributions for three months for micro-enterprises reported as remitters before 29 February 2020, and employing up to nine employees (contributions for all employees), as well as self-employed and contractors, provided that they were operating before 1 February 2020 and their revenue from business activities obtained in February 2020 did not exceed 300% of the expected average monthly gross salary in the national economy in 2020
  • Payment by the Polish social security administration of guaranteed monthly benefits (non-taxable and not being subject to social insurance contributions) to self-employed and employed under contract of mandate (at 80% of the minimum wage)


Read a March 2020 report [PDF 231 KB] prepared by the KPMG member firm in Poland

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