A taxpayer’s donation in the form of an enterprise to a family foundation will not be subject to VAT. The family foundation will not be obliged to correct the calculated goods and services tax if fixed assets acquired as a donation of the enterprise are used exclusively for taxable activities. VAT corrections are made if the purpose of the acquired property changes. This is confirmed by the tax office and experts.
Source Prawo.pl
Latest Posts in "Poland"
- MDDP Webinar – KSeF implementation – how to prepare a company for new invoicing obligations? (Oct 15)
- Commercial Vocational Training and VAT Exemption: What Does the Supreme Administrative Court Say?
- Municipality’s Right to VAT Deduction for Market Stalls Construction
- VAT Technology Transformation: Digital Compliance Strategies for 2025 and Beyond
- Company Cars for Mixed Use: Pre-coefficient First, Then 50% VAT Deduction
