POLAND Law and Practice Contributed by: Agnieszka Janicka and Krzysztof Hajdamowicz, Clifford Chance
Threshold for maintaining accounting books As of 1 January 2025, the revenue threshold beyond which entrepreneurs are required to maintain accounting books increased from EUR2 million to EUR2.5 million for individuals, partners in civil partnerships, general partnerships of indi - viduals, and professional partnerships. The new thresholds apply to financial years commencing after 31 December 2024. Excise duty on tobacco products New higher rates of excise duty came into effect on 1 March 2025 for tobacco products, innova - tive products and liquid for electronic cigarettes.
return (effectively by 31 March 2026 for 2025). This obligation will extend on 1 January 2026 to other CIT payers who are required to submit JPK VAT records, and to all remaining CIT payers on 1 January 2027. VAT exemption for small enterprises operating within the EU As of 1 January 2025, new regulations enable small enterprises to utilise VAT exemptions across various EU member states. Enterprises domiciled in another EU member state will be eligible for a VAT exemption in Poland, while Polish enterprises conducting business in other EU member states are able to utilise exemptions under the conditions stipulated in those jurisdic - tions, provided that they: • register for the exemption in the country of their domicile; • ensure that their annual turnover across all EU member states does not exceed EUR100,000 in either the preceding or current fiscal year; and • ensure that their sales in any given country do not surpass the domestic VAT exemption threshold applicable in that jurisdiction (in Poland, this threshold is PLN200,000). Polish enterprises seeking to benefit from the exemption in other EU countries should submit a registration application and provide quarterly turnover reports to the relevant tax authority in Poland, for each EU member state in which they operate.
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