E-invoicing: The Future of VAT Invoices in Poland and Beyond

• E-invoicing is a trending topic that will replace traditional VAT invoices.
• E-invoicing involves the electronic exchange of invoices in a structured format between two entrepreneurs.
• There are two models of e-invoicing: “post-audit” and “clearance model”.
• The “post-audit” model does not involve tax authorities, while the “clearance model” involves the seller, tax administration, and buyer.
• E-invoices must have a structured format and may need to be validated by authorities before being sent to the customer.
• The clearance model provides transparency for tax authorities and helps detect and reduce tax fraud.
• E-invoicing reduces costs, eliminates human errors, and streamlines the process of delivering invoices.
• The clearance model may eventually eliminate the need for VAT returns.
• Poland will implement mandatory e-invoicing between entrepreneurs starting from July 1st, 2024.

Source: krgroup.eu

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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