- The annual VAT adjustment should be reported in the tax declaration for the first settlement period of the year following the tax year being corrected.
- The amount of input VAT deducted based on the sales structure is not final and is subject to later adjustment, especially the annual adjustment, according to VAT regulations.
- Anna, who switched to VAT exemption in 2025, must apply these rules to the input VAT previously deducted for the commercial property purchase.
- For PIT, Anna settles income tax on general principles and records transactions in the revenue and expense ledger using the cash method.
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.
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