SLIM VAT 3 adopted by the Sejm

The Sejm has adopted SLIM VAT 3. The Senate will now work on the bill. The bill contains many beneficial changes for taxpayers. Most of them will come into force on 1 July 2023.

Along with the most recent SLIM VAT package, a number of provisions will change, including:

• the amount entitling to small VAT taxpayer status will increase to €2 million
• no need to have an invoice to settle VAT
• option to transfer funds deposited in VAT accounts of VAT group members
• an increase from PLN 500 to PLN 10 000 of the amount for which the proportion of deduction is deemed to be 100%
• reduction of VAT penalties

Source Crowe

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