- Changes to VAT Margin Mechanism: The Polish Minister of Finance confirmed that from January 1, 2025, the VAT margin scheme will not apply to imported bullion and collector coins due to the mandatory implementation of Article 316(1) of the VAT Directive, which requires that these items be taxed under general principles, not allowing for preferential margin rates.
- Economic Impact Analysis: The Ministry did not conduct specific analyses on the economic effects of applying general taxation principles to bullion and collector coins instead of the margin scheme, as the changes are a direct consequence of the European directive adopted in 2022.
- No Plans for Market Adjustments: The Minister stated that there are currently no plans to amend the VAT Act to maintain competitiveness in the bullion and collector coin market, emphasizing that a potential amendment would involve introducing a standard rate that is not under consideration at this time.
Source gov.pl
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