Standard Audit File for Tax – get ready now!

 According to the plans of the Ministry of Finance, since 1 July 2016, large companies will be obliged to disclose detailed tax information relating to their business in the electronic form. Due to these regulations, the reports are to be delivered in a specific way – in the form of JPK or Standard Audit File for Tax. The introduction of new standards will involve changes in corporate information systems.

Standard Audit File for Tax is a standardized logical structure file, by means of which the taxpayer shall be required to make available the accounting books and accounting documents to tax authorities. The JPK is to include accounting books, VAT registers, bank statements, invoices, warehouse operations. The file will be based on the XML format, commonly used in electronic communication.

The obligation to make the whole, or part of the books available in the form of JPK from 1 July 2016 will concern the largest companies – the so-called large taxpayers, employing at least 250 people, or those whose annual turnover is equal to or higher than 50 million euro. With effect from 1 July 2018, the above provisions will apply to all companies.

Implementation of the Standard Audit File for Tax is expected to increase the efficiency of inspections which, in turn, will significantly reduce the VAT tax gap. As a result, tax inspection will be much faster and more accurate.

Apollogic, together with their business partner – Ożóg Tomczykowski, specializing in tax and legal consultancy – have prepared an offer aimed at supporting Polish companies benefiting from SAP systems in the process of adapting the software to new legal requirements. Apollogic provides support for both traditional SAP systems and solutions in the cloud.

You are more than welcome to contact our specialists who will present the details of the offer.