New SAF-T files will be implemented in Poland

Pursuant to the amended law provisions new SAF-T files will be implemented in Poland. The change will be effective as from the April 1,2020. The new JPK_VAT with VAT return is an electronic document that will consist of two parts – it will include both VAT records (a set of information about purchases and sales, which results from the entrepreneur’s VAT records for a given period), as well as a VAT return (VAT-7 and VAT-7K). This is the expansion of already existing SAF-T obligation in Poland. Poland already introduced the Standard Audit File for Tax (SAF-T) on 1 July 2016 for large tax payers. It became compulsory for all taxpayers on 1 January 2018. As from April 1, 2020 the change will cover only large taxpayers (with over 250 people employed and turnover above EUR 50 million or over 250 people employed, with the balance sheet total assets exceeding EUR 43 million). From July 1, 2020 the obligation to use the new JPK_VAT files will cover the remaining entities however they will be entitled to submit a new JPK_VAT on a voluntary basis from April. If they decide to file the new JPK-VAT from that moment they will not be entitled to change it to previous reporting. Pursuant to the amended law provisions new SAF-T files will be implemented in Poland. The change will be effective as from the April 1,2020. The new JPK_VAT with VAT return is an electronic document that will consist of two parts – it will include both VAT records (a set of information about purchases and sales, which results from the entrepreneur’s VAT records for a given period), as well as a VAT return (VAT-7 and VAT-7K). This is the expansion of already existing SAF-T obligation in Poland. Poland already introduced the Standard Audit File for Tax (SAF-T) on 1 July 2016 for large tax payers. It became compulsory for all taxpayers on 1 January 2018. As from April 1, 2020 the change will cover only large taxpayers (with over 250 people employed and turnover above EUR 50 million or over 250 people employed, with the balance sheet total assets exceeding EUR 43 million). From July 1, 2020 the obligation to use the new JPK_VAT files will cover the remaining entities however they will be entitled to submit a new JPK_VAT on a voluntary basis from April. If they decide to file the new JPK-VAT from that moment they will not be entitled to change it to previous reporting.