VAT revenues could increase by billions through building societies online – Onet.pl

 
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  For the full implementation of the system of cash registers online, after a year to the budget could hit an additional 2.8 billion zł of VAT
 
 
 

Implementation of cash registers online in Poland should guarantee an increase in tax revenues and the rapid reimbursement of the capital expenditures. Estimates show that in the case of full implementation of cash registers online (founded approx. 1 million cash), after a year to the state budget could hit additionally more than 2.8 billion zł of VAT – according to a report consulting company KPMG Fri. “Case study – a system of cash registers online in Poland.”

Taking into account the expenditure required for the implementation of the system ( mainly the cost of iT solutions and subsidies relating to trade unions) would give a positive balance of the state budget of approx. 2.5 billion zł.

KPMG estimates that the cost of implementing the system of cash registers online, taking into account subsidies for entrepreneurs to purchase of new generation, constitute less than 370 million zł.

the cash online is a solution based on constant communication cash registers with the central system of tax administration. It is a tool to reduce the gray economy and tax gap. Every year, the state budget loses approx. 12-14 percent. GDP in the operation of the so-called. gray area.

According to KPMG reducing the gray economy and tax gap using online systems, cash registers (or receipts online) is a solution used successfully include in countries such as Hungary, Croatia, Turkey and Bulgaria. Implementation starts also Czechs.

“The experience of other countries shows that implementation of the system of cash online permanently increase tax revenues VAT, reducing the scale of the tax gap. the scale of growth of income is variable in time – the largest increase occurs just before taking a group of entrepreneurs running cash registers online (the effect of disclosure of revenues), as well as right after this action. in subsequent periods, the growth is lower, tax revenues remain at a level higher than it was before the implementation of the system of cash online “- said Mirosław Proppé, partner and head of the advisory board for the public administration and infrastructure at KPMG in Poland and Central and Eastern Europe, quoted in the release.

“calculation of the expected costs and benefits shows that the implementation of the already 100 thousand. cash online can provide a complete return on investment within a few months since the launch of the system on this scale. Estimated additional tax revenues per year, with the acquisition system approx. 1 million cash registers in the country may amount to more than 2.8 billion zł. These values ​​may be even greater if we take into account the additional budget revenues from income taxes (CIT, PIT) and increasing the efficiency of tax control, which should also translate into additional revenues to the budget “- pointed to Paul Darski, senior manager of the consultative for the public administration and infrastructure at KPMG in Poland.

“the main cost of a new solution for the state budget constitute subsidies for entrepreneurs exchanging existing cash registers new models and expenditures related to the acquisition and implementation of the central system and the accompanying analytical tools. Using new money to provide other services that require online communication (eg. Recharge the phone), you can potentially achieve lower prices of these devices for end users. In designing the system, including defining system of incentives for entrepreneurs, can significantly reduce the costs that this group would have to incur in connection with the exchange of cash, “- he added Darski.

Sealing of the tax system in Poland is one of the key announcement of PiS.