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The Ministry of Development is intensively working on changes for entrepreneurs in the face of epidemic crisis


17.03.2020

 The Ministry of Development is intensively working on changes for entrepreneurs in the face of epidemic crisis

he Ministry of Development is intensively working on changes for entrepreneurs in the face of epidemic crisis

The Ministry of Development responds to the need of introducing systemic solutions to help entrepreneurs wait out the uncertain period following the spread of coronavirus. Currently, the biggest concerns are related to delays in or lack of supplies of goods and services, reduced availability of staff, payment backlogs, or the effects of state authorities’ actions and decisions related to preventing the spread of the virus (see the Minister of Health Regulation of 13 March 2020 on announcing an epidemic threat in the Republic of Poland).

As reported, a special Bill is being developed that is due for consideration by the Sejm on
25 March.

The Bill is primarily to implement tools enabling improvement of the financial liquidity of business entities and protection of employees during forced downtime periods.

In terms of tax settlements, changes are to include e.g.:

•    faster VAT refunds and facilitated split payment mechanism;
•    option to retroactively settle the 2020 tax loss against the 2019 income;
•    changes in settlement rules for tourism industry entities due to the need to cancel tourist events;
•    postponed entry into force of a new uniform control file (JPK) for large enterprises from 1 April to 1 July 2020,
•    cancellation of the prolongation fee, i.e. the fee paid by taxpayers in connection with the division into instalments or deferral of payment of a tax liability.

The Ministry is also considering further solutions in the form of:

•    postponing the date of payment of taxes and social security contributions;
•    simplifying the division of public and legal dues into instalments or their cancellation;
•    granting support from Bank Gospodarstwa Krajowego (BGK) in the form of increased guarantee limits and additional loan subsidy solutions;
•    postponing until 1 July 2020 the date of entry into force of obligations connected with entries in the Central Register of Ultimate Beneficial Owners (CRBR);
•    facilitating the suspension of business operations;
•    enabling easier access to additional benefits from the Fund of Guaranteed Benefits and the Labour Fund.

Specialists from various sectors of the economy also propose changes, including lawyers and tax advisors of working teams specifically established for that purpose at the Ministry of Finance. The experts propose e.g.:

•    postponing the deadlines for submitting tax returns and paying VAT, PIT, CIT liabilities, this to include annual returns;
•    using the voluntary disclosure institution in electronic form, without having to visit the tax authority;
•    postponing the entry into force of the new VAT rate matrix scheduled for introduction on 1 April.

Our experts, as Members of the Lewiatan Confederation Tax Council and the Business Centre Club, are also actively participating in the preparation of comments on the Bill, both in the legal and the tax parts, thus helping entrepreneurs in these difficult times.

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