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Benefits of Creating a VAT Group for Simplified Tax Settlements and Improved Financial Liquidity

  • Since the beginning of 2023 until September 9, 2024, 40 VAT groups have been created, but companies are not interested in joint tax settlements.
  • Creating a VAT group simplifies the tax settlements for its members who are financially, economically, and organizationally related.
  • Members can file taxes as one entity, submit one JPK_VAT covering all transactions, and pay one VAT.
  • Transactions between group members are not taxed, and the group can benefit from a single exemption from fiscal cash registers.
  • Participating in a VAT group can lead to benefits such as creating shared service centers and improving financial liquidity.

Source: mddp.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.

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