Tax clarifications of 23 April 2021 regarding the package of “Slim VAT” solutions and selected solutions clarifying some of the VAT structures introduced by the Act of 27 November 2020 amending the Act on tax on goods and services and some other acts (Journal of Laws, item . 2419)
- In the case of an arrangement involving a minus adjustment, the buyer must correct the VAT charged even if he has not received the invoice (on the basis of an ECW internal document)
- SLIM VAT regulations on extensions of tax deadlines (for advances on exports, or periods during which the taxable person is entitled to deduct VAT “on an ongoing basis”) also applies to actions taken in 2020 for which the statutory deadline has not yet expired in 2021 (for example, if the taxable person received a purchase invoice in December 2020, he will be able to deduct VAT in the Declaration for March 2021)
- A buyer who received a minus credit note in 2021, where the conditions for correction occurred in 2020, does not have to go back to 2020 with the adjustment of input VAT (NOTE! Here, however, the explanations do not indicate precisely whether, in this case, the customer can correct the VAT during the period of receipt of the credit note)
- Extending the deadline for the export of goods with the 0% rate
- Increasing the limit for unchecked gifts of small value from PLN 10 to PLN 20
- The explanations also include information on the application of the amended provisions on the Binding Rate Information, the split payment mechanism and the new principles of taxation of advance payments
Source gov.pl
