One of the elements of the Act amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other acts, known as the “Polish Deal”, was the modification of the provisions on cash payment limits. At that time, the B2B payment limit was modified (up to PLN 8,000.00) and the B2C payment limit (PLN 20,000.00) was introduced. These regulations were supposed to come into force at the beginning of this year.
However, the Act of 16 June 2023 amending the Act amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other acts and the Act on Flat-Rate Income Tax on Certain Revenues Earned by Natural Persons, which repealed the above regulations in Article 1 pt. 3 and 4 of the above-mentioned amending Act.
Thus, which is very important for entrepreneurs, the limits in force so far have remained unchanged. This means that in the case of transactions between
- between business and consumer (B2C) there is no limit on the amount of cash transactions;
- entrepreneurs (B2B), the limit for a one-time transaction, regardless of the number of payments resulting from it, is PLN 15,000.00 gross.
Therefore, in 2024, the limit of cash transactions for B2B transactions has been maintained (it amounts to PLN 15,000.00 gross as before), and the limit for B2C transactions (the possibility of unlimited cash payments) has not been introduced.
Why are limits important?
If the limits are exceeded, the surplus cannot be included in the tax-deductible costs of income tax (CIT/PIT).