- Polish president signed an Act on 1 June 2023 amending the act on tax on goods and services and other acts, introducing measures to simplify VAT reporting obligations known as ‘SLIM VAT 3’ package.
- Most provisions are effective from 1 July 2023.
- The Act includes measures such as increasing the small business threshold, allowing input tax deduction without an invoice for intra-Community acquisition of goods, and clarifying rules for applying conversion rates for correcting invoices.
- It 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.
- Other measures include regulating issues related to VAT groups, simplifying reporting settlements regarding invoicing, and facilitating tax knowledge access.
- The Act also eliminates fees for the application for the issuance of WIS and resigns from the obligatory issuance by tax authorities of decisions on crediting payment/overpayment/tax refund against tax arrears and interest for late payment.
Source Taxbackinternational
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