- VAT settlement for intra-Community transactions is challenging due to complex business models, intricate tax regulations, and tight timeframes.
- Delays in receiving information from operational departments can prolong the process and lead to delayed reporting.
- Improper classification of intra-EU supplies for VAT purposes can have severe consequences, including the loss of the right to apply the 0% VAT rate for ICS.
- The tax administration’s restrictive approach has become increasingly apparent, with no retrospective registration for VAT for intra-Community transactions allowed.
- Filing EC Sales & Acquisitions List late does not automatically allow for the application of the 0% rate.
Source Crido.pl
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