Tax Calendar for 2025 for Entrepreneurs: Key Deadlines for Submitting Financial Statements in Poland:

In Poland, all commercial enterprises are required to submit financial statements, the scope of which depends on the size and type of activity. Reports can be submitted either electronically or in paper form on specified forms.

The rules and procedures for submitting annual (and quarterly) reports are regulated by the Accounting Act, the Commercial Code, and other legal acts. Polish accounting standards are practically identical to IFRS.

Most companies submit annual reports to the National Court Register (KRS). Failure to submit reports on time or incompletely results in a system of fines, for which the founders and the company’s management are responsible.

Deadlines for Submitting Tax Returns and Limits for 2025 in Poland

* Annual financial statements must be submitted no later than three months from the balance sheet date, i.e., by March 31, 2025, if the financial year coincides with the calendar year. After submission, the report is approved by the relevant company authorities.

* Approval of the annual financial statements must occur no later than six months from the balance sheet date, i.e., by June 30, if the financial year coincides with the calendar year.

* The annual CIT tax return for 2025 must be submitted to the tax office within three months after the end of the tax year. The tax year is usually the calendar year, but it can also be another 12-month period if specified in the company’s articles of association or founding documents. The return must be signed and submitted no later than March 31, 2025.

This standard deadline applies to taxpayers who:

• have chosen a tax year that coincides with the calendar year,
• have changed the tax year so that it ends in December 2024.

IMPORTANT! In the following year, the annual CIT tax return for 2025 can only be submitted electronically.

* In Poland, a small VAT taxpayer is a taxpayer whose total sales value (including VAT) in the previous tax year did not exceed the equivalent of EUR 2,000,000 in PLN. In 2025, this threshold is PLN 10,000,000 (according to the NBP exchange rate as of October 1, 2024).

In the case of brokerage activities, investment fund management, or similar services (excluding commissions) – the amount of remuneration (including VAT) did not exceed the equivalent of EUR 45,000 in PLN. In 2025, this is PLN 225,000 (according to the NBP exchange rate as of October 1, 2024).

The conversion of EUR to PLN is based on the average NBP exchange rate on the first working day of October of the previous tax year, rounded to PLN 1,000.

* In 2025, for small taxpayers in Poland paying PIT and CIT, the maximum revenue threshold is determined similarly to VAT. The revenue threshold for 2024 is PLN 10,000,000. Exceeding this amount results in the loss of small taxpayer status. The conversion of currencies into PLN is based on the average EUR exchange rate of the National Bank of Poland on the first working day of October 2024, rounded to PLN 1,000.

Small taxpayers in 2025 are entitled to a preferential one-time depreciation of up to EUR 50,000 (equivalent to PLN 240,000).

In 2025, the key deadlines are the submission of financial statements and annual tax returns for PIT and CIT. Additionally, an important aspect of taxation will be the limits for small businesses regarding VAT, PIT, and CIT.

If you have any further questions, please write to us at office@progressholding.pl