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Annual VAT adjustment for 2023 (proportion, preproportion) – deadline, rules. How to determine the proportion for 2024?

  • Taxpayers must show the annual correction amount for 2023 in the JPK_V7 declaration for January 2024.
  • New regulations for determining the final proportion and correction amount will be applied for the first time.
  • Taxpayers may choose to forgo the annual correction in some cases and determine that the proportion is 100%.
  • The rules for annual correction for proportion and preproportion are generally the same.
  • Exceptions apply when taxpayers determine the proportion based on regulations for certain taxpayers.
  • Taxpayers can use different methods to determine the proportion if it is more representative for the completed year.
  • The final proportion is determined based on actual turnover for the tax year.
  • Corrections are made in the declaration for the first settlement period after the end of the year.
  • Example: Corrections for 2023 are made in the JPK_V7M declaration submitted by February 25th (or February 26th in 2024).

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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