Draft Position on Public Burdens Classification and Turnover-Related Taxes Identification

8 January 2025

Draft Position on the classification of public and legal burdens

We would like to inform you that the Accounting Standards Committee has submitted for public discussion a draft Position on the classification of public and legal burdens and identification of those that are related to turnover (turnover taxes), as well as the principles of recognition of turnover taxes for the purposes of preparing financial statements.

The purpose of issuing this position is to systematize the principles of classifying various types of public and legal burdens for accounting purposes, and to define the principles for determining which public and legal burdens, due to their essence and economic importance, constitute turnover related taxes (“turnover taxes”).

This project applies to all public and legal burdens regardless of whether the burden is defined in the regulations, for example, as taxes, fees, tributes or contributions.

Deadline for submitting remarks and comments directly to ASC, by December 31, 2024.

If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.

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