According to a release from Poland's Ministry of Finance, the Council of Ministers has approved a "Cash PIT" scheme for individual entrepreneurs with a planned entry into force date of 1 January 2025. The optional scheme allows for the use of cash basis accounting by qualifying entrepreneurs who will pay personal income tax only after actually receiving payment for goods delivered or services provided, and will deduct the costs of obtaining revenues after making payment for goods and services received. The scheme will be available to entrepreneurs who conduct business activity solely independently if their revenue from this activity in...