- Poland’s lower house of Parliament passed a bill allowing small businesses with sales under EUR 100,000 to receive a VAT exemption in other EU countries
- Ministry of Finance approved a draft bill to simplify and modify VAT regulations for small businesses
- Currently, Polish entrepreneurs with turnovers up to PLN 200,000 are VAT-exempt in Poland but must pay VAT on EU transactions
- EU directive extends VAT exemptions to small businesses across other EU countries
- A law was approved introducing the option for businesses with revenue under PLN 1 million to use the cash method in accounting for costs and revenues starting in 2025.
Source: regfollower.com
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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