Technology's Benefits Overshadowed by Hasty, Costly Implementation for Polish Businesses
Translated from Polish, summarized and contextualized by DistantNews.
At a glance
- Polish companies faced stress and costs implementing mandatory e-invoicing (KSeF) and now face similar challenges with new electronic tax reports (JPK_CIT).
- Many businesses found KSeF ultimately helpful for data management, but the rapid, costly implementation caused frustration.
- A significant portion of companies are unprepared for JPK_CIT, citing the simultaneous imposition of multiple new obligations.
The rapid implementation of new tax technologies is causing significant stress and financial burdens for Polish businesses. While proponents highlight long-term benefits, the immediate costs and confusion of mandatory systems like the National e-Invoicing System (KSeF) and the new electronic income tax reports (JPK_CIT) are proving difficult for many companies.
Many entrepreneurs found KSeF ultimately beneficial for managing company data, but the process of adapting IT and accounting systems was fraught with fear and difficulty. Now, companies face similar struggles with JPK_CIT, a more complex system requiring costly adjustments to generate reports for tax authorities. This unification of accounting records, while potentially aiding tax inspectors in identifying irregularities, is currently a major headache for businesses already juggling multiple obligations.
Recent survey results indicate that 60% of businesses required to file JPK_CIT are not ready. They cite the simultaneous imposition of too many duties, including KSeF implementation and annual balance sheet preparations. Consequently, tax digitalization has taken a backseat for many. Entrepreneurs and their accountants are concerned about the rush and the simultaneous demands across various fronts, questioning whether modernization must be so hurried and costly. The frustration may well translate into political expression during upcoming elections.
Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.