SLIM VAT 3: Most of the changes will come into force from July 1, 2023.
- The Slim VAT 2 package has led to changes in Polish tax regulations, including the abolition of the obligation to have an invoice documenting the intra-Community acquisition of goods when deducting input VAT.
- Taxpayers are no longer required to correct input tax if they do not receive an invoice after three months.
- The moment of correcting VAT reporting on ICS transactions has also been clarified, and corrective invoices and exchange rates have been addressed.
- The expansion of entities that may benefit from the split payment mechanism and the extension of entities excluded from joint and several liability for tax not settled by the seller have been introduced.
- The catalog of possibilities of spending funds accumulated on the VAT account has been expanded, as has the right to deduction.
- The validity period of binding information on the VAT rate has been clarified, and the WIS issuance fee has been abolished.
- A new authority has been appointed to issue binding excise information, binding tariff information, binding information on origin, and binding information on the VAT rate.
- New rules for calculating VAT sanctions have also been introduced, and provisions have been made for corrections to declarations outside the OSS and IOSS systems.
Source Deloitte
