- The Council of Ministers has adopted a draft act increasing the effectiveness of VAT sealing.
- According to it, banks and other financial institutions will keep, store and send to the head of KAS a record of indicated payment transactions.
- The Act covers reporting cross-border payments if the payment service provider executes more than 25 payments to the same payee in a quarter.
The draft act implements Directive 2020/284 amending the VAT Directive with regard to the introduction of certain requirements for payment service providers.
The collected data will be:
- kept by the head of KAS,
- placed in the EU CESOP system.
The CESOP system will collect data provided by the administrations of all Member States. In this way, a comprehensive database will be created on cross-border payments made within the Union and with third countries, which will be available to individual countries on strictly defined terms. CESOP is another analytical tool used to detect irregularities, which in turn translates into sealing VAT collection, especially in the e-commerce sector.
Budgetary implications
The estimates of the Ministry of Finance indicate that over the period of 10 years from the entry into force of the provisions, the state budget revenue will increase by PLN 2.48 billion. The costs were estimated at PLN 3.51 million. The directive should be implemented by 31 December 2023.
The use of modern technologies reduces the VAT gap
According to the estimates of the Ministry of Finance, thanks to the use of introduced sealing tools, such as, for example, STIR, and modern technologies, the VAT gap in Poland has decreased from over 24 percent to 24 percent. in 2015 to 4.3 percent. in 2021
Source: gov.pl
