The sales limit of a small VAT payer will increase from EUR 1.2 million to EUR 2 million. As a result, approximately 40,000 Entrepreneurs will be able to settle their tax on a quarterly basis and use the cash accounting method. According to experts, this can be a way to pay backlogs. Such changes are provided for in the SLIM VAT 3 package, i.e. the amendment to the VAT Act of April 14, 2023, which was also adopted by the Senate on Thursday, May 11.
Source Prawo
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