- Since the beginning of 2023 until September 9, 2024, 40 VAT groups have been created, but companies are not interested in joint tax settlements.
- Creating a VAT group simplifies the tax settlements for its members who are financially, economically, and organizationally related.
- Members can file taxes as one entity, submit one JPK_VAT covering all transactions, and pay one VAT.
- Transactions between group members are not taxed, and the group can benefit from a single exemption from fiscal cash registers.
- Participating in a VAT group can lead to benefits such as creating shared service centers and improving financial liquidity.
Source: mddp.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.
Latest Posts in "Poland"
- Where Is VAT Due for Electric Car Charging Sold by Foreign Intermediaries? Polish Court Decides
- Fee for Identifying Driver in Leasing Not Subject to VAT, Court Rules
- KSeF Regulations on System Failures and Downtime Remain Incomplete and Require Updates
- Poland Extends Import VAT Return Amendment Deadlines for Authorized Economic Operators under Simplified Regime
- VAT Deduction for Cultural Institutions Clarified by Supreme Administrative Court
