VATupdate

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The act introducing the mandatory KSEF from mid-2024 was adopted by the Sejm

  • The Sejm rejected the Senate’s veto to the law making the use of KSeF mandatory for VAT taxpayers from July 1, 2024.
  • Small and medium-sized enterprises exempt from VAT will have to use KSeF from January 1, 2025.
  • The new system aims to modernize invoicing processes, document circulation, and faster verification of tax settlements without involving taxpayers and initiating inspections.
  • Approximately 2.8 million VAT taxpayers, including 2 million active ones, will be affected by the new obligations.

Source MDDP

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