The limit of EUR 250Cash PIT Method. The Government published a draft act amending the Personal Income Tax Act and the Act on Flat-Rate Income Tax on certain income earned by natural persons.
May 21, 2024
The Cash PIT (Personal Income Tax) method is a newly introduced settlement method aimed at small business entrepreneurs. It allows for the determination of income generation dates from business activities and the deduction of income-related costs upon settling receivables. Here's a comprehensive overview of how this method works and its implications for eligible taxpayers.