The existence of the right to deduct VAT on purchases is established at the moment of incurring the expenditure. If the taxpayer intended to use it only for activities subject to VAT, he has the full right to deduct VAT – also in relation to investment expenditures, as a result of which a fixed asset will be created.
Source Prawo.pl
Latest Posts in "Poland"
- KSeF Simplifies Tax Settlements: Digital Transformation’s Impact on Poland’s Investment Attractiveness
- Launch of open testing for KSeF 2.0 API
- Export Customs Clearance: Required Documents and Key Applications
- Poland Releases KSeF 2.0 Updates
- Proposed VAT Act Amendments: Agricultural Registration, 0% Rate, Inventory Changes, and Group Operation Extensions
