From January 1, 2020, there are numerous tax consequences associated with payment of liabilities to the non-white list account or for a transfer made without the split payment mechanism. Therefore, the use of the white list will become obligatory for most Polish entrepreneurs. Otherwise, entrepreneurs will be subject to severe sanctions both in terms of VAT and income tax.
Source Worldwide Tax Net – Bartlomiej Szymanski
Latest Posts in "Poland"
- Ministry of Finance Invites Entrepreneurs to KSeF Training Sessions Starting September
- KSeF and Foreign Branches: Unclear How to Calculate 200 Million PLN Limit
- KSeF Will Also Affect Foreign Contractors of Polish Companies
- Wednesdays with KSeF Training Series Launches for Polish Entrepreneurs
- VAT from deposit system – doubts remain despite Ministry explanations
