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Proposal: Optional taxation of financial services, VAT grouping, Amendments in VAT compliance and reporting obligations

Poland’s major tax reform proposal moves to Parliament.

On 8 September 2021, representatives of the Polish Government submitted draft legislation to the Polish Parliament on the major tax reform referred to as the “Polish Order.” The changes would affect several areas of taxation including Value Added Tax (VAT). A majority of the provisions are expected to come into force as of 1 January 2022.

The draft legislation will now be discussed in the Polish Parliament. Their potential impact should be assessed by businesses in order to prepare for change and undertake necessary action.

Source EY

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