- The SME Directive (2020/285) has been implemented in Poland, benefiting small and medium enterprises (SMEs) in the EU.
- SMEs can now utilize a VAT exemption in other EU countries, subject to a €100,000 annual limit and specific national limits.
- By 2025, around 6,000 companies registered for VAT in Poland may opt for the SME procedure through their home country’s tax authority.
- Companies using the SME procedure will issue invoices without VAT, requiring Polish recipients to adjust their accounting practices.
- Invoices must include a unique identification number (with an EX code) and reference the legal basis (Article 113a of the VAT Act).
- The SME procedure will also change the declaration obligations for intra-community acquisitions (WNT) in Poland.
- Polish buyers cannot declare WNT if the supplier is exempt under the SME procedure, placing the responsibility on them to verify the supplier’s VAT status.
- The SME-on-the-Web portal will assist in confirming a company’s eligibility for the SME exemption in the EU.
Source: mddp.pl
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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.
