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Slim VAT3: Increase VAT threshold small taxpayer, VAT sanctions, no invoice needed for intra-EU purchases, …

  • The limit will be raised from €1.2 million to €2 million gross of a small taxpayer’s VAT turnover, and VAT sanctions will be In line with EU regulations
  • More taxes and fees will be paid from the VAT account, and businesses purchasing goods from the European Union will not need an invoice to deduct input tax.
  • These changes are to be introduced by another package of VAT changes (Slim VAT 3) – already included in the government’s list of legislative and programmatic work.
  • The list also includes a second project – its main purpose is to sealing the e-commerce package. The idea of the Slim VAT 3 package appeared as early as January of this year. It was announced then..

Source Gazeta Prawna

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