Entrepreneurs with a decrease in turnover due to COVID-19 by at least 25 percent may take advantage of tax reliefs, the Ministry of Finance informed. This includes postponing the payment date or spreading it into installments.
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The ministry indicated in a statement on Friday that Poland had obtained the consent of the European Commission to apply state aid specified in the program “Polish anti-crisis measures – COVID-19”. It is mentioned in the provisions of the Act of March 2, 2020 on special solutions related to the prevention, prevention and combating of COVID-19, other infectious diseases and the emergencies caused by them. “This means the possibility of granting public aid to entrepreneurs in order to counteract the economic effects of COVID-19” – emphasized the Ministry of Finance in the release. It was added that the estimated value of the support specified in the EC’s decision is EUR 264 million (approximately PLN 1.2 billion).
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Who is the relief for?
The help is available to entrepreneurs who have difficulties paying taxes on time due to the coronavirus epidemic. “By submitting an application to the competent tax authority, they may apply for: deferment of the tax payment deadline or spreading the payment of tax into installments; deferment or distribution into installments of the payment of tax arrears along with interest for late payment or interest on unpaid tax advances” – explained . The Ministry of Finance indicated that the support may be granted to a taxpayer conducting business activity, with a decrease in economic turnover due to COVID-19 by at least 25%. in any month after January 31, 2020 compared to the previous month or the corresponding month of the previous year. It has been added that the possibility of applying a relief (deferment, installments) applies to the tax whose payment deadline expires after December 31, 2019 and tax arrears arising after December 31, 2019. The entrepreneur submitting an application to the competent tax authority for relief and information confirming the decrease in turnover , should attach a simplified form of information provided when applying for state aid related to the prevention, prevention and combating of COVID-19 and its effects. “The aid must be granted before 30 June 2021 and the date for deferment or payment of the last installment must be no later than 31 December 2022.” – marked. The ministry noted that the aid is neither capped nor cumulative with other aid “granted on the basis of the Commission Communication – Temporary framework for state aid measures to support the economy in the context of the ongoing COVID-19 epidemic (2020 / C 91I / 01) ( Journal of Laws UE C 91I of March 20, 2020, p. 1) “.
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Another support
The Ministry of Finance reminded that regardless of the aid from the program “Polish anti-crisis measures – COVID-19”, it is possible to apply under the current rules for relief in the payment of tax liabilities which do not constitute state aid or constitute de minimis aid.
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“Taxpayers (not only entrepreneurs) may apply for: distribution of tax debts into installments (RAT-Z application); cancellation of tax arrears (UZ-M application); deferral of the payment deadline (TER-Z application)” – indicated. For the duration of the epidemic, “the prolongation fee for the payment of taxes and tax arrears, which are the income of the state budget, was abandoned”.
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photo-source">Main photo source: Shutterstock
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