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Changes in Polish VAT law – Slim VAT 3

The Senate adopted an amendment to the Act on Value Added Tax and some other acts, called Slim VAT 3. The purpose of the changes is to simplify and accelerate VAT settlements, thanks to which the financial liquidity of companies will also be improved. Majority of the changes will be implemented as from 1st of July 2023.

The changes are aimed at e.g. reduction of formalities in international trade.  The moment of showing the intra-Community supply of goods with a 0% rate in reporting corrections will be clarified. If documents are received with delay, the transaction will be shown on the date when the tax obligation arises, instead of on the date of delivery.

Source: polishtax.com

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