- VAT deduction allows taxpayers to reduce the amount of tax owed by the amount of tax paid on goods or services used for taxable activities.
- The right to deduct VAT is time-limited, requiring taxpayers to recognize purchases promptly or adjust their declarations.
- Taxpayers can deduct VAT in the period when the tax obligation arises for the purchased goods or services.
- Polish regulations require a taxpayer to have an invoice to increase the level of VAT deduction.
- If a deduction is not made in the initial period, it can be done in one of the next three periods without correcting previous declarations.
- There is a time limitation for using the invoice for VAT deduction if received late.
- Example: If goods are purchased in January 2025 and the invoice is received in May 2025, the taxpayer can deduct VAT in the declaration for January or one of the next three periods.
- Questions arise about whether to deduct VAT promptly or adjust past declarations and the timeframe for doing so.
Source: crido.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.
