Verify the Accuracy of CIT Settlements

TLA Kancelaria > Specializations > JPK_CIT

JPK_CIT – What is it?

As of January 1, 2025, taxpayers whose revenue in the previous tax year exceeded 50 million euros will be required to submit a new JPK_CIT structure. The structure is divided into two parts:

JPK_KR_PD: Information covering accounting records.

JPK_ST_KR: Information concerning records of fixed assets and intangible assets.

As a result, taxpayers will be obligated to report data to tax authorities that previously could only be obtained during a tax audit.

JPK_KR_PD includes, among others:

Trial Balance
General Ledger Journal
List of Accounting Entries
Income Tax Settlement under General Principles
List of Contractors

As part of JPK_ST_KR, the taxpayer is required to provide information included in the books concerning fixed assets and intangible assets, including:

Depreciation method
Depreciation rate according to Annex 1 of the CIT Act
Depreciation rate applied by the taxpayer
Initial value

How We Support Taxpayers in the Area of JPK-CIT

The above requirements indicate that, before implementing JPK_CIT, it is advisable to conduct a CIT review and a fixed asset review to verify the accuracy of CIT settlements.

CIT Review

In this area, we:
Verify the accuracy of CIT settlements for a selected period,
Conduct the review based on surveys and matrices provided to clients, aimed at identifying sensitive areas,
Identify significant risk areas related to CIT settlements,
Recommend actions to neutralize and/or minimize potential tax risks,
Analyze opportunities for tax savings, e.g., reliefs, hypothetical interest, etc.,
Prepare a comprehensive report summarizing the above issues,
Provide guidance on how to correctly complete the CIT-8 declaration along with its attachments,
Analyze documents and topics related to SSE/PSI (if the client operates within a special economic zone),
Review entries in profit and loss accounts concerning JPK_CIT obligations – this analysis will focus on account descriptions, based on which we prepare a matrix for tags that should be assigned to the appropriate accounts.

Fixed Assets review

This review facilitates preparation for correctly completing the JPK_ST_KR section. In this area, we:
Verify the accuracy of assigning the appropriate KŚT (Classification of Fixed Assets) position to a given fixed asset,
Verify the application of the correct depreciation rate for the respective fixed asset.

The implementation of JPK_CIT also requires ongoing communication with software providers. Due to differences between accounting/tax terminology and IT language, discrepancies may arise during the deployment of new solutions.

We support our Clients in their communication with software providers.