VATupdate
Poland

Share this post on

Selling a Car Bought from Leasing: When and How to Settle VAT?

  • Selling a car bought from a lease does not require VAT if the car was used for private purposes and not for business
  • Recent interpretation from the Director of KIS may suggest a change in the Ministry of Finance’s opinion
  • The sale of a privately used car after buying it from a lease does not make the seller a VAT taxpayer
  • The sale is considered a normal exercise of property rights and is not subject to VAT taxation

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.

Sponsors:

VAT news

Advertisements:

  • AXWAY - VATupdate Banner