VAT grouping in Poland (most likely) as early as 2021? – Draft law available in the VAT Committee document?

The information known for several weeks in the back rooms about the planned introduction of VAT groups in the country was confirmed by a communication from the European Commission’s VAT Committee, which published information on the consultations carried out on this issue.

The topic is incredibly interesting for the financial sector, which will be most interested in the possibility of creating VAT groups. Importantly, while until now the banking sector itself (not necessarily of its own volition) has significantly financed the vat novelty (STIR, split payment, white list), the possibility of creating VAT groups will allow banks to generate real savings by reducing the economically negative effects of the general lack of tax neutrality on these entities.

In addition, the option of vat settlement jointly by a group of entities should have a positive impact on the development of the Polish, rapidly growing FinTech sector – both from the point of view of local initiatives and potential investments of foreign capital.

Time will tell how mf’s planned restrictions on the use of the solution (see the planned possibility of creating a VAT group only for companies forming PGK in CIT) will affect the final attractiveness of the institution.

Source Adam Doroszuk

See also

VAT Committee 117th meeting on Nov 16, 2020 – Documents are available …. –

• WP 0997 ADD – Consultation from Poland on VAT grouping additional info
• WP 0997 – Consultation from Poland on VAT grouping   – This document includes a proposal of the law on VAT grouping!!!

 

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