Utilizing the Subjective VAT Exemption in 2024

• The legislator has provided a VAT exemption for a certain group of taxpayers.
• Taxpayers whose sales value did not exceed a total of PLN 200,000 in the previous tax year are exempt from VAT.
• In 2024, taxpayers with sales value below PLN 200,000 in the previous tax year can benefit from the VAT exemption.
• Certain transactions are not included in the sales value for the exemption.
• Transactions related to real estate, certain services, and insurance services are not eligible for the VAT exemption.
• The concept of “ancillary transactions” is defined by the tax authority as transactions that are not directly related to the taxpayer’s main activity.
• Taxpayers listed in Article 113(13) of the VAT Act are not eligible for the VAT exemption.
• Sales made by taxpayers starting their business during the tax year are exempt from VAT if the expected sales value does not exceed a proportionate amount of PLN 200,000.
• The VAT exemption applies to sales made within the country, excluding services provided abroad.

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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