- VAT groups are increasing in popularity due to shared financial and economic interests.
- VAT groups designate all VAT responsibilities to a single member.
- VAT groups offer concessions such as reduced administrative duties and exclusion of VAT between group members.
- VAT groups simplify the VAT process.
- The Czech Republic considers VAT groups an integral part of its fiscal infrastructure.
- The deadline to apply for a VAT group in the Czech Republic is 31 October 2023.
- VAT groups are becoming more common, with Poland recently legalizing their formation.
- Tungsten Network is assessing the impact of VAT groups on its Polish e-invoicing solution.
Source: kofax.com
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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