Not every public benefit organization has the right to deduct input VAT. Even a foundation that works for free with the intention of educating society about closed-circuit waste management will not reduce the amount of tax due by the amount of input tax. All goods and services purchased by the foundation must be used to carry out project tasks, i.e. activities not subject to VAT.
Source Prawo.pl
Latest Posts in "Poland"
- KSeF Simplifies Tax Settlements: Digital Transformation’s Impact on Poland’s Investment Attractiveness
- Launch of open testing for KSeF 2.0 API
- Export Customs Clearance: Required Documents and Key Applications
- Poland Releases KSeF 2.0 Updates
- Proposed VAT Act Amendments: Agricultural Registration, 0% Rate, Inventory Changes, and Group Operation Extensions