VAT Settlement for Disposed Commercial Goods – Do You Need to Adjust Deducted Tax?

• Taxpayers have the right to deduct the VAT paid on goods purchased for business purposes.
• If a seller is forced to withdraw and dispose of goods due to loss of value, it may raise questions about whether the previously deducted VAT needs to be corrected.
• The right to deduct VAT depends on whether the goods are used for taxable activities.
• Sometimes goods purchased for commercial purposes cannot be used as intended and need to be disposed of.
• The disposal of goods may be necessary due to expiration dates or other factors beyond the taxpayer’s control.
• If the disposal is a result of the taxpayer’s negligence, a correction of the deducted VAT is necessary.
• If the disposal is not the taxpayer’s fault, such as due to expiration dates, a correction may not be necessary.

Source: ksiegowosc.infor.pl

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.