- The text is a letter from the Director of the National Tax Information regarding the assignment of receivables and assumption of debt not subject to VAT.
- The letter confirms that the company’s position on the tax consequences of the described future event is correct.
- The request for an individual interpretation was submitted on August 4, 2023, and was supplemented on October 11, 2023.
- The request concerns the non-recognition of the assignment of receivables and the assumption of debt as taxable transactions for VAT purposes.
- The company is a limited liability company with unlimited tax liability in Poland and is an active VAT taxpayer.
- The company borrowed loans in 2005 and 2006, which have not been fully repaid.
- The company is considering entering into a debt assignment agreement and a debt assumption agreement with another party.
- The company has doubts about whether the sale of receivables and the debt assumption agreement are subject to VAT.
- The amount of the receivable from the loan assignment will not fully cover the claim of the other party.
Source: sip.lex.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
