- 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.
Source Taxbackinternational
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