Important: The adopted regulation differs significantly from the previously presented draft.
Changes to Annex No. 7
The most significant changes in Annex No. 7 for entities other than banks, brokerage houses, insurance companies, and reinsurance companies include the addition of new categories of tags that must be included in accounting books:
- Tax exempt revenues (permanent differences between accounting profit/loss and taxable income/loss).
- Revenue not subject to taxation in the current year.
- Costs not considered as tax-deductible expenses (permanent differences between accounting profit/loss and taxable income/loss).
- Costs not recognized as tax-deductible expenses in the current year.
- Tax-deductible expenses incurred for research and development activities (R&D relief).
- Qualified intellectual property rights (IP Box) – - taxable income and costs constituting tax-deductible expenses.
- Revenue not subject to taxation in the current year.
- Revenue subject to taxation in the current year, recorded in the financial books of previous years.
- Costs recognized as tax-deductible expenses in the current year, recorded in the books of previous years.
Until now, the draft regulation did not include tags about R&D relief and IP BOX. This information is critical for taxpayers who benefit from these reliefs. This comes to show that JPK_CIT will be a powerful tool for verifying the correctness of applying these reliefs, especially in the scope of verifying the proper qualification of expenses as eligible costs.
Important
Other items which were added signal the intention to use JPK_CIT even more extensively than initially planned in verifying the correctness of accounting for e.g. tax-exempt activities, non-deductible expenses or the correct settlement of costs over time.
