- Polish Ministry of Finance opened consultation on draft bill to amend VAT Act
- Bill includes measures for small businesses in EU countries to elect VAT exemption
- Small Polish businesses with low turnover can also opt for VAT exemption
- Rules for determining place of supply of services and procedures for applying exemption in other EU countries
- Taxpayers in Poland must submit letters via e-Tax Office for exemption in another member state
- Penalties for noncompliance
- Law to enter into force on Jan. 1, 2025
- Comments due by July 16
Source: news.bloombergtax.com
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.
