On 29 July 2019 the President signed an act of 4 July 2019 to amend the Goods and Services Tax Act and certain other acts. This amending act introduces a body of new regulations into the Tax Code to govern so-called individual tax accounts for persons liable to tax and for withholding/remitting agents. These will be individual bank accounts available against submission of tax ID (NIP or PESEL), to be used for the payment of income taxes (PIT and CIT), VAT and other levies due to the central government.

The new law will enter into force on 1 January 2020. The introduction of individual tax accounts will also trigger changes to the treatment of payments made by taxpayers on account of their taxes.

Under the new rules, any payment into an individual tax account will be treated as made:

  • on account of the tax indicated by the taxpayer or, absent such indication, on account of the tax amount with the earliest due date among all taxes owing from the taxpayer;
  • where the taxpayer has overdue taxes:

- if the taxpayer has indicated a tax for the payment, then on account of that overdue amount of such tax which has the earliest due date;

- if the taxpayer has not indicated a tax for the payment or has indicated a tax in which it has no arrears, then on account of the overdue amount with the earliest due date from among all tax arrears of the taxpayer.

If this issue pertains to your business and you are interested in our assistance, please contact your WTS&SAJA consultant or our office.

Doradztwo Podatkowe WTS&SAJA Sp. z o.o. 

Bałtyk Building, 13th floor

ul. Roosevelta 22

60-829 Poznań

tel. (+48) 61 643 45 50

Warsaw Office

Central Tower, 22nd floor

Al. Jerozolimskie 81

02-001 Warszawa

This Newsletter is provided for general information purposes to keep you up-to-date with changes in tax law, tax rulings by authorities, case law of courts and interesting commentaries. Doradztwo Podatkowe WTS&SAJA shall not be held legally liable for any acts or omissions resulting from reliance on such information.

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