Various forms of taxation are available for taxpayers. The most popular is the tax scale, according to which the tax in the first threshold is 18%, and after it is exceeded, the taxpayer enters the second threshold and pays 32% of the tax. The flat tax of 19% is also chosen quite often. There is also a lump sum on registered income. Not everyone can take advantage of this form, but those who do so should see that in 2019 some changes have occurred within it.
Choice of form of taxation
First of all, remember that the choice of the form of taxation can be made until the 20th of the month following the month in which the taxpayer achieved taxable income. If such income occurs in December, the time is shortened. The taxpayer then has until the end of the tax year.
The selection is made by submitting an appropriate letter to the head of the tax office competent for the place of business. The exception is taxation according to the tax scale, which is selected by default and does not require any declaration.
The selection made will have effect for years to come. Of course, this choice can be changed. The changes are made by January 20 of the next tax year.
A novelty here is the possibility to change the form of taxation by changing the entry in CEIDG.
Inventories and records
An important change is that taxpayers paying a lump sum on recorded income are exempt from keeping records of equipment. The legislator also released them from the obligation to carry out a physical inventory. The elimination of this obligation applies to both the commencement of operations, its closure and change of the partner.
When closing a business, taxpayers who pay a lump sum are only required to carry out an inventory of property – like taxpayers who keep a tax book of income and expense.
Checked-in lump sum – other changes
The legislator also made available to taxpayers the option of quarterly settlements. The choice of this form of taxation (quarterly lump sum) should be announced only in the annual tax return for the previous tax year.
From January 1, 2019, the rules for employing employees by entrepreneurs taxed with a lump sum have also changed. Well, they were released from the obligation to keep a revenue card for their employees. It is a great convenience and convenience. As a result, taxpayers have much less work with employee documents.
Business suspension is still possible. The tax office should be notified of this in the annual tax return submitted by the taxpayer.
Annual tax return
The changes made to the registered lump sum also apply to the tax return. Well, taxpayers who settle their income on the basis of a lump sum have a lot of time to submit their tax return for the previous year. The changes start with the income earned in 2019, i.e. they relate to the annual settlement for the year. And so, the time for submitting an annual tax return for taxpayers with a lump sum is within the following limits: February 15, the beginning of filing returns – the end of February of the following year, the end of filing tax returns. If the taxpayer submits his tax return before February 15, it is treated as filed on February 15.
As part of the changes in the scope of annual settlements, taxpayers who settle on the basis of a lump sum will have a settlement prepared by the tax office. All they need to do is log on to the taxki.gov portal and check their PIT tax return. They can accept it, reject it, modify it, and accept it, or do nothing. If they do nothing, PIT will be considered approved.
When conducting business activity taxed on the basis of a lump sum, it is worth following reports on planned and implemented changes in order to be constantly up-to-date. You can then avoid missing a deadline or not paying attention to important issues.