Formal Declaration Required to Opt Out of VAT Exemption, Court Rules

• Formal statement is required to resign from VAT exemption
• Intention of transaction parties is not enough
• Supreme Administrative Court ruled on the necessity of the statement
• Advance payment before the statement is exempt from VAT
• Buyer cannot deduct input tax without the statement

Source: podatki.gazetaprawna.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.