- The Council of Ministers approved a bill on December 3, 2024, amending the VAT tax law and other related laws
- The amendment extends the reverse charge mechanism for VAT to December 31, 2026, applicable to gas in gas systems, electric energy in power systems, and services related to the transfer of greenhouse gas emission rights
- Changes in VAT rates include applying a 0% VAT rate to rescue ships and boats used at sea, maintaining an 8% VAT rate for medical products approved under the previous medical products law, and setting the standard VAT rate for Cannabis sativa products intended for smoking or inhalation
- The amendment specifies reduced VAT rates for fertilizers, plant protection products, and animal feeds, and reduces the VAT rate for menstrual cups from 23% to 5%
- The new regulations eliminate the requirement for online cash registers to integrate with payment terminals and the associated taxpayer liability for non-compliance, but maintain the mechanism for reporting payment transaction data by settlement agents
- The Ministry of Finance states that the changes aim to clarify, tighten, and improve business operations
- The regulations will take effect on April 1, 2025, except for the reverse charge mechanism provisions, which will start on February 28, 2025
Source: mddp.pl
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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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