VAT Settlement for the Transfer of a Car for Personal Use

• VAT is applicable to the free transfer of goods belonging to a taxpayer’s business for personal use, provided that the taxpayer had the right to deduct VAT on their acquisition.
• VAT is applicable to the supply of goods and services for a fee within the country.
• The VAT correction is required when there is a change in the use of a fixed asset, such as transferring it for personal use.
• The sale of a vehicle withdrawn from a business for private use may not be subject to VAT if it is considered a normal exercise of ownership rights.
• The sale of a vehicle from private property that was previously used for business purposes may not be subject to VAT if the owner did not have the right to deduct VAT on its acquisition.
• The specific circumstances of each case need to be considered to determine if a transaction is subject to VAT.

Source: pit.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.

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