- Small businesses in Poland will benefit from VAT exemption in other EU countries with just registration in Poland.
- This solution helps small entrepreneurs avoid additional costs and bureaucracy.
- Businesses must adhere to two limits: the EU-wide limit of 100,000 euros and the limits in individual member states.
- The Polish Ministry of Finance has proposed changes to the VAT Act to facilitate cross-border business activities for small enterprises.
- These changes are in response to the need to implement Council Directive (EU) 2020/285, amending Directive 2006/112/EC and Regulation (EU) No 904/2010.
- The new regulations are expected to be effective in EU countries from January 1, 2025.
- The project allows small enterprises with their business headquarters in another EU member state to benefit from VAT exemption in Poland.
- Conversely, Polish small businesses will also be able to benefit from VAT exemption in other EU member states.
- The changes are aimed at small enterprises operating in various EU member states.
Source: prawo.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.
