- Polish VAT Overview: Poland has a standard VAT rate of 23%, with reduced rates of 8% and 5% for specific goods and services, while exports and certain services are exempt. Businesses must register for VAT based on turnover thresholds or specific activities, especially non-resident businesses.
- Time of Supply Rules: The tax point for goods is when delivered, and for services, when performed. Special rules apply for deposits, continuous supplies, leased assets, and intra-community transactions, impacting when VAT is due.
- VDEK Reporting: In 2022, Poland combined VAT returns and SAF-T reporting into the JPK_V7 (VDEK), requiring monthly or quarterly electronic submissions of detailed VAT data. Accurate reporting is crucial to avoid rejections and ensure compliance with evolving regulations.
Source VAT IT Compliance
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