The time to change the form of taxation is coming
Entrepreneurs paying PIT who want to change their tax scheme have less and less time to make a decision. The change of the PIT scheme is available until the 20th day of the month following the month in which the first income appeared in the tax year. This means that entrepreneurs can make changes this year until 21 February.
Only meeting this deadline will result in an effective change in the form of taxation. Delay will mean that such an opportunity is no more available, and the next change will be possible only next year.
– Taxpayers may choose between taxation according to the PIT scale (general rules), PIT flat rate and lump-sum tax. The tax card – as of 1 January 2022 due to changes introduced by the Polish Deal – is reserved only for taxpayers who have used it before 2022. One of the most important changes introduced by the Polish Deal is a new rule for deducting and settling the health contribution. With the PIT scale, the contribution amounts to 9%, with the PIT flat rate it is 4.9%, and with the lump sum it is calculated in a different way, however, in each case it is no longer deductible from PIT – suggests Adam Allen, tax advisor, partner at Thedy & Partners.