- A new regulation draft has been published on the Government Legislation Center website proposing changes to the Minister of Finance’s regulation on issuing invoices from October 29, 2021
- These changes are set to take effect from January 1, 2025
- The changes include a new special exemption procedure for small businesses known as the SME procedure
- The SME procedure will apply to small enterprises operating in EU member states other than where VAT is due
- The Ministry of Finance explains that these changes necessitate adjustments to the existing regulations on issuing invoices to accommodate the SME procedure
- The proposed amendment to the invoice issuance regulation adds a new point requiring certain information and an individual identification number for transactions exempt from tax under the SME procedure
- The simplified data scope for invoices under the SME exemption includes the date of issue, sequential number, names and addresses of the taxpayer and customer, description of goods or services, quantity, unit price, and total amount due
- Additionally, invoices under the SME exemption will also include an individual identification number EX
- Taxpayers benefiting from the SME exemption must obtain this identification number before they can start using the exemption
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.
