Flat rate Lodz

Flat-rate accounting is a simplified accounting method for businesses subject to flat-rate taxation on recorded revenue. It involves recording revenue without having to recognize the costs of earning it.

Lump-sum tax records are kept by individuals conducting business activity who have chosen lump-sum taxation as their form of taxation and meet the statutory revenue limits.

The records should include the date of revenue generation, its amount, information about the contractor and the type of revenue, e.g. sale of goods or services.

Yes, the regulations allow keeping records in electronic form, provided that they are transparent, durable and appropriately secured.

The records must be kept on an ongoing basis, which means entering revenues as they are earned, at the latest before submitting the tax return.

Irregularities in the records may result in sanctions from the tax office, including fines or, in extreme cases, tax criminal proceedings.

Yes, an entrepreneur can outsource record keeping to an accounting office, which is a convenient solution and reduces the risk of errors in settlements.

Records and documents related to income must be kept for 5 years from the end of the tax year in which the tax return was filed.

No, the lump sum tax on recorded income is based on the taxation of income, without the possibility of deducting the costs of obtaining it.

Keeping records in itself does not require notification, but the choice of lump sum taxation as a form of taxation must be reported to the office within the required deadline.