On the occasion of the New Year 2020, we would like to wish you New Year's greetings - joy, prosperity, health and also many new dreams, the fulfilment of which gives meaning to our lives. At the same time, with this post we would like to draw your attention to the fact that the New Year 2020 is full of a number of modifications in the law. Therefore, below I present to you the most important changes in the law in 2020, hoping that their implementation will ultimately make our lives easier and not worse.
Read also: Changes in the law for entrepreneurs 2020
Key changes in the law in 2020 - MIKRORACHUNE
Firstly, from 1.01.2020, every taxpayer will receive a new account at the tax office. It will be used to pay VAT, PIT and CIT taxes. Every taxpayer can check their micro-account number in the generator available at: www. podatki.gov.pl . All you need to do is enter your PESEL number in the case of individuals or your NIP number in the case of organisations.
NEW TAX SCALE
In October 2019, legislation introducing a lower PIT rate came into force. It was reduced from 18 to 17 per cent. PIT is an annual tax, so based on the transitional provisions, a rate of 17.75 per cent will have to be applied to the tax return for 2019. We will fully apply the tax scale with the 17 per cent rate from January 2020. The tax threshold will not change - it will continue to be PLN 85 528. The higher rate will also remain unchanged. It will amount to 32 per cent.
INVOICE ONLY WITH NIP RECEIPT
January brings big changes to invoicing rules. From New Year's Wednesday, it will no longer be possible to issue invoices for receipts without an indicated VAT ID. The change is intended to counteract VAT fraud.
WHITE LIST
From January 2020, if payment for an invoice is made to a bank account that has not been notified to the Tax Office, the paying party will not be able to count the payment as a tax-deductible expense and, in addition, the purchaser will be jointly liable with the seller for unpaid VAT. However, the regulations are to apply only to payments exceeding PLN 15 000. Therefore, before making a payment, we should check in the list of accounts whether our contractor's bank account is on the list.
13-THE PENSION
From 2020 until 31 March each year, pensioners will receive the so-called 13th pension, the bill states. The additional pension will not be received by those who retire after 31 March of the year in which this annual benefit is paid. Nor will those whose pension entitlement has been suspended as at 31 March get it.
Key changes in the law in 2020 - PPK
From the beginning of this year, entities with at least 50 employees will be obliged to apply the regulations for funding and making contributions to Employee Capital Plans. The state of employment must be determined as at 30 June 2019. After large companies with at least 250 employees, this is the next group of employers that will have to join Employee Capital Plans.
SMALL SOCIAL SECURITY PLUS
On 1 February, the so-called Small ZUS plus will come into force. It is a solution for the smallest companies whose income in 2019 will not exceed PLN 120,000. In Small ZUS plus, social insurance contributions will be calculated in proportion to income and lower by an average of several hundred PLN per month. The reduced contribution will be available for 36 months during the next 60 months of business activity. The relief will not apply to entrepreneurs carrying out activities for the benefit of their former employers and those who settle on the basis of a tax card and are simultaneously exempt from VAT.
Key changes in the law in 2020 - CAREER BENEFIT
From 1 January 2020, the nursing benefit will be PLN 1830 per month. As a consequence, municipalities will start paying higher amounts to all eligible persons ex officio - no new applications are needed.
