Limit on business-to-business (B2B) cash transactions

• Until the end of 2023, the limit for cash payments between entrepreneurs for a single transaction is PLN 15,000.
• From 1 January 2024, the cash payment limit for transactions between entrepreneurs for a single transaction is to be PLN 8,000.
• When the value of the transaction exceeds the limit, the payment must be made using a payment account.

A payment account is understood to mean:

• bank account,
• SKOK,
• indirect mechanisms such as card payment or online platforms.

IMPORTANT: The limit applies to the total value of the transaction, regardless of the number of payments made as part of that transaction.

The one-off transaction value is:

• the whole value of a claim or liability,
• expressed in money,
• resulting from the delivery of goods or the provision of services against payment,
• specified in a contract concluded between traders.

Consequences of exceeding the cash payment limit

Failure to comply with the cash payment limit will result in the entrepreneur not being able to recognise the payment as a deductible expense to the extent that it was made without the intermediation of a payment account (Article 22p(1) of the PIT Act and 15d of the CIT Act, respectively).

Limit on business-to-consumer (B2C) cash transactions

• Until the end of 2023, consumers are not affected by the cash transaction limit.
• From 1 January 2024, the cash transaction limit will also start to apply to business-to-consumer transactions and is expected to be PLN 20,000.
• The limit will apply to the value of the total transaction, regardless of the number of payments made in the transaction.

Consequences of exceeding the cash payment limit

If, in 2024, an entrepreneur accepts a cash payment from a consumer in excess of PLN 20,000, the entire amount accepted without the intermediation of a payment account will constitute business income for the entrepreneur (Article 14(2)(22) of the PIT Act and Article 12(1)(16) of the CIT Act, respectively).