The Polish Government recently published a draft of the new Value Added Tax (VAT) law amendment (draft amendment). The draft amendment provides for the introduction in Poland of the possibility for a taxable person to opt for taxation of financial services provided for VAT taxable persons in B2B transactions (business to business).
Financial services provided to non-taxable individuals, i.e., retail customers, will continue to be obligatorily exempt from VAT. The proposed legislation, if enacted, would come into force on 1 January 2022.
Source EY
