During the expedition, Donald Tusk He amazed all the revolutionary changes in the taxation system, which can be called a breakthrough. His announcements were a sensational step in taxation policy, incomparable to any erstwhile action in this area. This announcement had a profound impact not only on the countries of the neighbouring region, but besides on the full planet economy.
Tusk announced a comprehensive package of changes, covering a wide scope of taxation areas. 1 of the key elements of the revolution was the introduction of a progressive taxation strategy that would take into account individual income and taxation rates in a much more equitable way. This approach aimed at reducing social inequalities by charging richer individuals with proportionally higher tributes.
"Coalition October 15" led by fresh Prime Minister Donald Tusk announced a revolutionary change in the taxation system, consisting in the introduction of a cash-based individual income taxation for entrepreneurs. This groundbreaking approach assumes taxation of income only at the time of the actual receipt of the invoice.
Currently, entrepreneurs must pay income taxation and VAT on the amounts included in invoices issued, whether they have already received payment or not. According to Article 14 of the individual Income taxation Act in force, income is treated as an amount due, even if it has not yet been actually received. This makes the entrepreneur liable to pay income taxes which he has not yet received due to invoices paid. This situation becomes peculiarly problematic erstwhile the counterparty delays the payment, which may lead to financial difficulties for the company, especially in the case of large orders from individual customers.
Preview Tuska assumes that the income taxation will be charged and paid only erstwhile the invoice money is actually credited to the entrepreneur's account. Details of this proposal are to be presented by the fresh head of the finance department, Andrzej Domański. The introduction of specified a provision would represent a major change in the existing taxation system, which has so far been lacking despite erstwhile policy announcements of different options.
Such an innovative taxation policy would have the possible to destruct adverse effects on entrepreneurs, especially in the case of late payments, protecting their liquidity and reducing the hazard of bankruptcy associated with unregulated invoices. This is simply a step forward towards a more flexible and equitable taxation strategy for entrepreneurs, which takes into account the real financial impact of their activities.
Ignacy Michałowski
OSINT investigator with experience in global journalism projects. It has been publishing materials for over 20 years for the largest releases. In social activities he engaged in various projects and initiatives aimed at improving the quality of life of people, especially those of mediocre communities. He was besides active in the fight for human rights. Contact: kontakt@legaartis.pl
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Donald Tusk announced a taxation change. What to change:
