The terms of in minus VAT correction can be agreed with the buyer in an e-mail, contracts, annexes, and in exceptional cases orally, by phone or even implicitly – confirmed the Minister of Finance.
Correction rules
Let us recall that by the end of 2020, the regulations required the seller to obtain a confirmation of receipt of the correcting invoice from the buyer. As of January 1, this requirement was abolished, but others were introduced instead. Currently, the seller can reduce the tax base and the VAT due provided that he meets the following conditions:
- agree with the buyer of the goods or the recipient of the correction conditions,
- has documentation confirming the agreement and it follows from it that the buyer knows that there has been, or knows in what situations, changes in the terms of the transaction resulting in a reduction in the amount of remuneration,
- these conditions were met at the time of the taxpayer’s adjustment of the output tax,
- the corrective invoice is consistent with the reconciliation documentation.
Source Gazeta Prawna
