In 2024, current revenues cannot exceed 8 687 000 PLN so that a lower corporate income tax rate can be applied.
This is just one of the requirements for using 9% CIT rate. The second one refers to the previous year’s revenues. The first condition concerns current net revenues (excluding VAT). They cannot exceed 2 million EUR after conversion into Polish zloty at the average euro exchange rate announced by the National Bank of Poland on the first business day of the tax year. In 2024, this is the exchange rate from 2 January, which on that day was 4.3434 PLN per euro.
The second condition refers to gross revenues (including VAT) from the previous year. They also could not exceed 2 million EUR, but this amount is converted at a different NBP exchange rate – announced on the first business day of October of the previous year. With respect to revenues from 2023, the exchange rate from 2 October 2023 should be used, which on that day was 4.6091 PLN per euro.
Therefore, in 2024, the 9% CIT rate may be used by a taxpayer who meets two requirements in parallel (both limits are rounded to 1 000 PLN), i.e. his:
- revenues for 2023 did not exceed 9 218 000 PLN gross, i.e. including VAT due (2 million EUR at the exchange rate from 2 October 2023),
- current revenues will not exceed 8 687 000 PLN net, i.e. without VAT due (2 million EUR at the exchange rate from 2 January 2024).
If the taxpayer exceeds the second limit during the year, he must pay 19% CIT from the following month. Both limits have decreased compared to those in force in 2023. The result is a decline in euro exchange rates. This means that fewer taxpayers will benefit from the preferential CIT rate this year. It is worth noting that the ceiling for current revenues is calculated without VAT (net), and the ceiling for revenues from the previous year is calculated with VAT due (gross). Moreover, the current limit applies to revenues other than capital gains, while last year’s limit applies only to sales revenues.
