Poland’s Ministry of Finance has announced a draft law for the introduction of a new National e-Invoicing System (Krajowy System e-Faktur – KSeF). The proposed system is based on the Italian e-invoicing system and involves taxpayers preparing invoices in their own ERP system and sending the invoice to the KSeF system to be certified with a timestamp and an assigned invoice number. Taxpayers issuing invoices through the system will be exempted from the obligation to store and archive their invoices as they will be stored in the KSeF system and will also benefit from a reduced VAT refund period of 40 days (down from 60). The use of the system will also provide further advantages for taxpayers in terms of security, convenience, and standardization, according to the Ministry.
Source Orbitax
