- VAT rules for invoicing will change starting January 1, 2025
- The changes are due to an amendment made on December 22, 2024, to the Minister of Finance’s regulation from October 29, 2021, on issuing invoices
- The amendment was published on December 27, 2024, in the Journal of Laws
- New special exemption procedures for small businesses known as SME procedure will be implemented
- The SME procedure allows small businesses based in member states other than where VAT is due to benefit from exemptions
- Changes to the VAT law include simplified invoicing requirements for businesses eligible under the SME exemption
- Simplified invoice data includes issue date, 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 as per the legal requirements
- The purpose of these changes is to simplify the invoicing process for taxpayers eligible for the SME 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.
