Version 17 - August 2025 (CUD release)

Content update

This is a legislative release containing illustrative model content with legislative coverage for annual year end reporting until December 2025.
  • Financial Period Type: 12-Months (Annual)
  • Current Compliance Until: year end June 2025
  • Target Industry Type: Manufacturing, Services, and Generic (excluding Financial Services)

Legislative updates

  • Regulation of the Minister of Finance of 17 November 2024 on the recognition, valuation methods, disclosure and presentation of financial instruments superseded Regulation of the Minister of Finance of 12 December 2001 on detailed rules for the recognition, valuation methods, the scope of the disclosure and presentation of financial instruments.
  • Implementation of the position of the Accounting Standards Committee of 18 March 2025 on the classification of public and legal burdens and the identification of those related to turnover (turnover taxes), as well as the principles of recognition of turnover taxes for the preparation of financial statements.
  • Update of Polish National Accounting Standard No. 2 “Income Taxes”.
  • Impact of US tariffs on the financial statements.

Early adoption for accounting standards

  • Mandatory for financial statements with reporting period beginning after 31 December 2024 with early adoption permitted.
  • The position came into effect on the date of promulgation i.e. 7 May 2025 and applies for the first time to financial statements prepared for the fiscal year beginning after the date of entry into force, with early adoption permitted.
  • Mandatory for financial statements with reporting period beginning after 31 December 2024 with early adoption permitted.
  • N/A – does not result from a formal legislative update.

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