Accounting changes 2025

Accounting changes 2025

From 1 January 2025, changes to the revenue limit requiring full accounting will come into force. According to the amendment to the Accounting Act, this threshold will increase from the current EUR 2 million to EUR 2.5 million.

Who will have to keep full accounting in 2025

The obligation to keep full accounting, i.e. bookkeeping (recording all economic events from the category of tax revenue and costs), will apply to natural persons, partners in civil partnerships, general partnerships of natural persons and partnerships, if their net revenue exceeds the equivalent of EUR 2.5 million.

The euro exchange rate of 1 October 2024, which was PLN 4.2846, will be used to convert this amount into zlotys. Entrepreneurs whose revenues in a financial year exceed PLN 10,711,500 will be required to keep full books of account. The new regulations will cover businesses that exceed the new limit in 2024, and they will have to keep full accounts already in the financial year starting after 31 December 2024.

Who will benefit from the changes to the limit for full accounting

The new regulations will relieve the burden on smaller companies, which will be able to use simplified accounting for longer thanks to these regulations. This will reduce the administrative burden and costs associated with having to keep full accounts. The changes are primarily beneficial for entrepreneurs affected by inflation, who will have more opportunities to grow their business.