The provisions of the Polish Order have raised doubts among taxpayers about VAT taxation of the transfer of a fixed asset purchased from a lessor for private purposes. According to them, fixed assets, after being taken out of a private lease, disposed of by means of a sale transaction within six years from the first day of the month following the month in which the asset was taken out of business, are to be considered as business income subject to value added tax.
Source: asbtaxblog.com
Latest Posts in "Poland"
- Mandatory KSeF System Brings More Surprises as Implementation Deadline Approaches
- Company Car Parking at Home Doesn’t Affect 100% VAT Deduction Rights
- KSeF and Transfer Pricing Corrections: Are We Ready for Full Transparency?
- Ministry Issues VAT Guidance for Beverage Packaging Deposit-Refund System
- Poland: Ordering Party Must Use Split Payment When Paying Subcontractor Under VAT Law
