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Making a donation in the form of an enterprise to a family foundation without VAT

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

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