Poland Provides New Guidance for Large Businesses

The new “JPK with the declaration” JPK_V7M (monthly) and JPK_V7K (quarterly) periodic VAT reporting files are due to be implemented from 1 April 2020 for taxpayers defined under Polish legislation as being large businesses. 

To recap, this means any businesses undertaking operations in Poland that in at least one year of the last two financial years has employed, on average, 250 employees or more, has net sales income of the EUR equivalent of more than PLN 50m or has balance sheet assets of the PLN equivalent of more than EUR 43m.  All other taxpayers will be obliged to file JPK_V7M or JPK_V7K from 1 July 2020.

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Author

Denise Hatem

Denise Hatem is a Regulatory Counsel at Sovos specializing in international taxation, with a focus on value added tax systems in the European Union. Denise received her B.A. from the University of Connecticut and her J.D. from Notre Dame Law School. She is an active member of the Massachusetts Bar.
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