Tax authorities are increasingly monitoring online sellers. This raises questions about how to correctly report taxation of online sales. How will the DAC7 directive impact sellers’ PIT filings? Recently, Rzeczpospolita published an article featuring commentary from Piotr Sekulski, PhD on this subject.
The article, available here provides a wealth of valuable information on how to properly account for taxes on online sales.
tax advisor Piotr Sekulski, PhD
“– The tax office can check whether online sales constitute business activity (…) The thresholds set by the directive are relatively easy to exceed—it’s enough to sell a collection of books or a beautiful ring. However, appearing in a report does not automatically mean that the tax authorities will classify you as a business owner or conduct an audit (…)
– (…) Tax authorities may impose PIT arrears if the transaction generated profit, as income must be taxed regardless of whether more than six months have passed since the purchase. Officials may also determine that VAT should be paid. Social security contributions (ZUS) may also be demanded. Penalties under the Criminal Tax Code for hiding income or under the Code of Petty Offenses for failing to register business activity may apply (…). Officials have been monitoring online marketplaces for years, targeting the most active users (…)” (…) .”
If you’re unsure how to handle taxation of Online Sales or whether it’s time to reconsider your tax filings, visit us at www.outsourced.pl .
