Accounting support in Poland

Preparation of reports for Polish companies and submission
to tax authorities

Filing a tax return (SIT)

Tax, accounting and audit advice

Free consultation

In Poland, the submission of an annual financial report is a legal obligation for all legal entities, regardless of their organisational or legal form, field of activity or business size.

How can we be useful to you?

Preparation of the annual report

We will help you prepare a report based on your primary documents in a timely manner.

Filing an annual tax decal for a Polish company

We will complete and submit your company’s tax return. We will take control of the deadlines for submission and communication with the tax authorities.

Consulting

We will help you pay taxes and represent your interests before the Polish tax authorities

Conditions for preparing reporting in Poland

Reporting period of the companies in Poland

Calendar year

Frequency of reporting

Annually

Reporting deadline

31 March following the reporting year

Cost of preparing reports and audits

from EUR 250**

* The cost of the service depends on the number of transactions you make and can be adjusted after the initial consultation

Peculiarities of reporting in Poland

Poland

All companies incorporated in Poland must submit financial statements to the Tax Office (Urząd Skarbowy) and the Commercial Register (Krajowy Rejestr Sądowy) on an annual basis.

– Financial statements in Poland are prepared in accordance with domestic accounting standards (which are quite close to International Financial Reporting Standards), in Polish, and consist of an income statement, balance sheet, cash flow statement, statement of equity and notes to the financial statements.

– If a company has no turnover, it still has to file a tax return.

– The statements are signed by the company’s director.

The CIT-8 declaration and annual financial report are submitted to the tax office by 31 March each year, and to the Companies Register by 30 June of the year following the reporting year.

Procedure for preparing financial
statements in Poland

Collection of documentation

– Incoming and outgoing invoices or sales uploads from the marketplace;

– Statements of all company accounts;

– Description of the business – sales channels, information on the movement of goods from seller to buyer, product category.

Preparing and submitting reports

– Processing of incoming information;

– Preparation of declarations and their approval with the client;

– Sending reports to the tax authorities of the respective country;

– Checking and signing CPA declarations;

– Control of tax payments;

– Resolving difficulties and disputes (if any).;

To start cooperation, please contact us in any convenient way:

leave a request

on the website

write to our mail

client@nxdigitalagency.com

or call the number

+38 093 171 2818

The initial legal consultation is free of charge and does not oblige you to do anything.

Information help

If my company does not conduct any business, has no accounts, and is used as a holding company, do I have to prepare reports?

In this case, there is no need to prepare reports, it is enough to file a zero tax return. However, government agencies may ask additional questions about the reasons for the termination of the activity.

Is it possible to keep and submit reports in Poland on your own and how easy is it to do so?

Yes, you can prepare the reports yourself. To get started, we recommend that you familiarise yourself with the official resources of Poland. Keeping and submitting reports in Poland can be difficult, especially if you have no experience in accounting and taxation. There are many rules and requirements to follow, and if you make a mistake, it can lead to fines or other sanctions. If you are not sure that you can keep and file your own accounts, it is best to contact a qualified accountant. They can help you prepare your accounts in accordance with the law and avoid fines.

What are the dangers of late reporting and non-payment of tax?

If the financial statements are not submitted on time, the company may be fined between PLN 500 and PLN 12,000. If the financial statements are not submitted on time, the company may also be removed from the commercial register.

Does a Polish company have to undergo an annual audit?

Audits in Poland are mandatory only for certain forms of companies. According to Polish law, the following companies are subject to a mandatory annual audit:
– Companies with assets of more than PLN 2 million or sales revenue of more than PLN 4 million.
– Companies that are public joint stock companies. 

– Companies controlled by the state or local government.
– Companies that have received state aid.
– Companies operating in certain industries, such as banking, insurance or securities. In addition, some companies may be required to undergo a mandatory annual audit by a court or tax authority. 
The report on the mandatory annual audit must be prepared by an audit firm and submitted to the tax authorities within 6 months after the end of the reporting year.

Get a free accounting consultation from our specialist

“The Polish economy is one of the fastest growing in Europe and is actively developing ‘business-friendly’ programmes. However, the company’s successful work is always based on high-quality, informative and timely reporting.”

Kateryna

Accountant

Get a consultation

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