VATupdate

Share this post on

Implementation of KSeF and Predictable Tax System: Priorities of the Ministry of Finance

  • Ministry of Finance’s priority is the implementation and development of the National e-Invoice System (KSeF)
  • This will lead to tightening of VAT and increased state budget revenues
  • Ministry of Finance plans to simplify tax procedures, increase the efficiency of tax authorities, clarify ambiguous regulations, and amend the tax penal code
  • The Ministry of Finance aims to make the tax system more friendly to taxpayers and supportive of investments
  • KSeF is expected to be implemented by July 1, 2024, but there are calls for the deadline to be extended
  • Ministry of Finance will take actions to continue using KSeF after 2026
  • Mandatory e-invoicing is intended to combat VAT fraud and tax evasion
  • It will complement other measures to combat VAT fraud, such as the Unified Control File, split payment mechanism, STIR electronic cash flow analysis system, and online cash register system for monitoring the retail sector.

Source: prawo.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.

Sponsors:

VAT news

Advertisements: