Cash payment limit 2023

As part of the Polish Deal 1.0, changes were to be introduced, e.g. in the scope of reducing the limit of cash payments between entrepreneurs and consumers. However, the entry into force of these changes has been postponed to January 1, 2024. What are the cash payment limits in 2023?

Limit of cash transactions between entrepreneurs (B2B)

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

A payment account is understood as:

bank account,
SKOK,
indirect mechanisms, such as card payments 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-time value of the transaction is:

the entire value of receivables or liabilities,
expressed in money,
resulting from paid delivery of goods or paid provision of services,
specified in the contract concluded between entrepreneurs.

Consequences of exceeding the cash payment limit

Failure to comply with the cash payment limit means that the entrepreneur will not be able to classify the payment as tax deductible costs in the part in which it was made without the use of a payment account (Article 22p(1) of the PIT Act and 15d of the CIT Act, respectively).

Business-to-consumer (B2C) cash transaction limit

Until the end of 2023, consumers are not subject to the cash transaction limit.
From January 1, 2024, the cash transaction limit will also apply to transactions between entrepreneurs and consumers and is to amount to PLN 20,000.
The limit will apply to the total value of the transaction, regardless of the number of payments made as part of that transaction.

Consequences of exceeding the cash payment limit

If in 2024 the entrepreneur accepts a cash payment from the consumer in the amount exceeding PLN 20,000, then the entire amount accepted without the use of a payment account will constitute business income for him (Article 14(2)(22) of the PIT Act and, accordingly, Art. 12 section 1 item 16 of the CIT Act).