- The “SLIM VAT 3” amendment to the VAT law introduces changes in the calculation of mixed sales, effective from January 1, 2024.
- The amendment increases the limit for accepting a 100% deduction ratio to 10,000 PLN, compared to the previous limit of 500 PLN.
- A taxpayer can now opt out of the annual correction of mixed sales if the final ratio does not exceed 2% or if the correction amount is below 10,000 PLN.
- The requirement to establish an initial ratio with the head of the tax office has been abolished, and instead, taxpayers must notify the tax office of the adopted ratio by the 25th day of the following month.
- These changes aim to simplify the VAT system.
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.
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