VATupdate

The government has adopted another package of changes in VAT settlements (SLIM VAT 3)

Slim Vat 3 is getting closer. On Tuesday, the Council of Ministers adopted a draft act amending the act on tax on goods and services and some other acts, submitted by the minister of finance. The aim of the changes is to simplify and speed up VAT settlements. The government hopes that the financial liquidity of companies will also be improved. It will be possible e.g. by increasing the sales limit of a small taxpayer from EUR 1.2 to 2 million.

Source Prawo

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