- Amendments to the VAT Act were made in June, with most changes taking effect from July 1, 2023.
- These changes include clarification of invoice correction rules, reduction of formalities in international trade, and changes to ICS corrections.
- Amendments to VAT sanctions also came into force, and the state of epidemic emergency in Poland was cancelled on July 1. From this date, failure to notify the tax office about payments to accounts outside the white list results in inability to include expenses as tax deductible costs and joint liability for VAT arrears.
- The changes aim to simplify settlements and clarify rules for taxpayers and tax authorities, and businesses should verify internal payment procedures to avoid negative tax consequences.
Source MDDP
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