No changes to cash payment limits in Poland in 2024

As a reminder, it was announced that certain changes in the cash payment limit will be applied in January 2024. But according to the latest information, there will be no changes. For the second time, the new lower limit of non-cash payments is postponed; at the beginning of 2022, it was supposed to be up to 8,000 PLN, then from January 1, 2023. Now we have the third date of entry into force of the new regulations.

More precisely, on July 19, the president of Poland signed an act amending the act on personal income tax, the act on corporate income tax, and certain other acts, as well as the act on flat-rate income tax on certain revenues earned by natural persons. The purpose of the act is to prevent the regulation from entering into force on January 1, 2024, which was supposed to limit the use of cash in both business and consumer transactions.

In summary, as of January 1, 2024, no cash transaction limits for individuals will be introduced. (It was announced that from January 1st, 2024, it will not be allowed to make any cash payments if the total value of the transaction exceeds PLN 20, 000 in B2C transactions.) In turn, the limit for entrepreneurs will be maintained at the current level of 15,000 Zloty. (It was announced that it would be 8,000 zloty.)

The president has also stated that this measure is being introduced because those limits may lead to complications in certain types of transactions, especially by micro and small entrepreneurs, including craftsmen and sole proprietors.