Polish Ministry of Finance starts public consultations on the draft act of electronic invoicing:
– It will be a standardized document, transparent and legible for all users.
– For taxpayers using e-invoice, the VAT refund period will be shortened from 60 to 40 days.
Deputy Minister Jan Sarnowski explained the details.
The regulation is based on experiences of Italy. Italy E-invoice was first available to taxpayers in 2017. After the transition period until January 1, 2019, B2B e-invoicing became an obligation. The situation will be similar for Poland E-invoice.
In the first phase, Polish entrepreneurs will use electronic invoices voluntarily. It will act as an approved form of sales documents in addition to the paper invoices and e-invoices already present. In 2023, the use of e-invoices will become obligatory.
The implementation of e-invoicing is another example of the digitalization of tax services such as JPK. It will significantly facilitate the settlement of trade between enterprises. Secondly, it will accelerate the detection of tax fraud attempts thus it will help further reduce the VAT gap.
From the taxpayers’ perspective, e-invoice will bring many advantages:
Security: The invoice will remain in the Ministry of Finance’s database and will never get damaged or lost. There will be no need to issue duplicates.
Acceleration of Turnover: Thanks to the communication via the ministry’s portal, we will always be sure that the invoice has been sent to the counterparty.
Convenience: E-invoices will be issued according to a single template so that they are very easy to use.
Standardization: Mutual settlements and invoice booking in FK systems will become much easier.
The Ministry of Finance has prepared an act that regulates the principles of issuing, using and storing e-invoices. LINK
At the same time, MoF has initiated tax consultations on the e-Invoice scheme. The consultations will last until February 23, 2021. You can send comments to [email protected] until February 23, 2021.
Source: GOV.PL
