- Y spolka z o.o., an active VAT and EU VAT payer in Poland, bought a new bus from a Czech company on November 21, 2024
- The Czech company is also a VAT and EU VAT payer
- The bus is intended for domestic passenger transport and will be added to the company’s fixed assets
- The bus was transported from the Czech Republic to Poland on November 25, 2024
- Y spolka provided their Polish EU VAT number to the Czech supplier
- The purchase was documented with a Czech invoice for 480,000 PLN excluding Czech VAT, issued on November 21, 2024, and received by Y spolka on November 25, 2024, along with the bus
- The invoice amount included the cost of transporting the bus to Poland, paid by the Czech supplier
- The invoice was paid via bank transfer on November 20, 2024
- The bus was registered in Poland on November 21, 2024, and added to the fixed assets register on November 28, 2024
- Y spolka uses straight-line depreciation with a statutory annual rate of 20 percent
- Y spolka processes VAT and CIT under general rules, with the fiscal year aligned with the calendar year, and pays VAT and CIT installments monthly
- There are no affiliations between Y spolka and the Czech supplier as defined by VAT law Article 32 Section 2
- The company needs to account for the bus purchase in terms of VAT and CIT under general taxation rules
Source: podatki.gazetaprawna.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.
