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SLIM VAT 2 – a VAT reform package that is scheduled to take effect in October 2021 and January 2022

  • SLIM VAT 2 is another package of simplifications in the tax on goods and services.
  • This time, we have prepared 15 new solutions that will facilitate tax settlement.
  • The package implements many demands submitted to the Ministry of Finance by entrepreneurs. It brings them, among others simpler invoicing, reduction of formalities and improvement of financial liquidity of companies.

The second SLIM VAT package will remove many of the time-consuming obligations incumbent on traders. It will improve billing and improve the liquidity of companies. This includes a total of 15 simplifications, among which are:

🎯 the abolition of a number of formalities the failure to comply with results in a defective invoice,
🎯 possibility to issue an invoice 60 days before delivery of the goods / performance of the service / receipt of an advance payment,
🎯 to facilitate the deduction of VAT on cars used for business purposes,
🎯 more neutrality in the taxation of imports of services,
🎯 to regulate the method of making an in-minus adjustment in the case of imports of services and WNT,
🎯 easier choice of taxation options in real estate,
🎯 wider possibility to consider a ticket as a VAT invoice,
🎯 transfer of funds between VAT accounts in different banks,
🎯 of KRUS contributions from the VAT account,
🎯 to extend the time to take advantage of the bad debt relief from 2 to 3 years.

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