- Changes in VAT from January 1, 2025. What does the Ministry of Finance plan?
- Proposed changes to the VAT law are expected to come into effect on January 1, 2025.
- Changes include reduced VAT rates, reverse charge mechanism, and obligations related to integrating cash registers.
- Changes in reduced VAT rates include 0% rate for rescue boats used at sea, maintaining 8% rate for medical products indefinitely, and eliminating reduced rate for “living equids” to comply with EU directives.
- The VAT rate for menstrual cups will be reduced from 23% to 5% to standardize tax rates for women’s hygiene products.
- Further changes include clarifying the wording of the VAT law regarding fertilizers, plant protection products, and animal feed.
Source: ksiegowosc.infor.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.
