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Sale of undeveloped land plots: VAT implications for Foundation’s planned transactions.

  • The foundation plans to sell two undeveloped properties that are subject to VAT taxation.
  • The sale of these properties will be subject to VAT because the foundation is a VAT taxpayer conducting business activities.
  • The foundation is obligated to calculate and remit the VAT tax for the sale of these properties.

Source: sip.lex.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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