On November 22, 2022, the next version of the draft amendment to the Value Added Tax Act (called SLIM VAT 3) was published on the website of the Government Legislation Centre.
The draft provides for changes in the following areas:
- increasing the sales limit of a small taxpayer to EUR 2 million;
- clarification of the rules for applying the conversion rate for correcting invoices when the invoice was issued in a foreign currency;
- specifying the period for which ICS is declared if the taxpayer receives documents confirming ICS after 3 months (the moment when the tax obligation arises instead of the moment of delivery);
- ….
Source MDDP
