Entrepreneurs who earned revenue in January 2020 have the option of changing the form of taxation from progressive tax (according to the tax scale: 17% and 32%) to flat tax (19%) or resignation from flat tax up to February 20, 2020
For this purpose, it is necessary to submit an application to change the data in the entry to the Central Registration and Information on Economic Activity (CEIDG-1) or to notify the tax office in writing.
Based on the submitted application or notification, taxpayers choose the form of taxation that will be binding with respect to the income generated during the year as part of their business.
We also remind you that you can change form of payment income tax advances.
Quarterly advances on PIT
Little taxpayers (for PIT purposes, these are entrepreneurs whose sales revenue did not exceed: the amount of revenue in 2019 in the amount of PLN 8,747,000) may choose quarterly paying income tax advances.
The deadlines for payment of advance payments for individual quarters are as follows:
1st quarter of the year – until April 20,
II quarter of the year - until July 20,
III quarter of the year - until October 20,
IV quarter of the year – until January 20.
Simplified advance payments for PIT
Entrepreneurs can pay monthly income tax advances simplified form. Simplified advances are not calculated on the basis of real income earned in a given month. The simplification consists in determining a monthly tax advance payment, fixed throughout the tax year, in the amount of 1/12 of the amount of income from business activity, shown in the annual tax return for the year preceding (or two years preceding) a given tax year.
Taxpayers who decide to pay advance income tax in a simplified form are obliged to:
- use the selected form throughout the tax year,
- make advance payments by the 20th day of the month following the month to which the advance payment relates.
The notification on the form of payment of PIT advances is submitted directly in the annual report.