Poland: SLIM VAT Package

Poland has signed an act amending the tax on goods and services and other acts, introducing measures to simplify VAT reporting obligations known as the ‘SLIM VAT 3’ package.
Most provisions will come into effect on 1 July 2023. Some of the VAT-related measures include increasing the small business threshold from EUR 1,200,000 to EUR 2,000,000, allowing taxpayers to use the cash accounting method and quarterly VAT settlements.
The act also eliminates the obligation to agree with the head of the tax office in the form of a protocol of proportions to deduct input tax.
Instead, taxpayers are required to notify the head of the tax office of the adopted proportion.
Other measures include simplifications in the field of reporting settlements regarding invoicing and unifying regulations on the rules for issuing and using binding information of a national nature.
The act also eliminates fees for the application for the issuance of binding information.