KSeF National e-invoicing System voluntary launched 2022; mandatory from 1 April 2023 following EU approval Poland’s Ministry of Finance has introduced voluntary B2B electronic invoices on 1 January 2022 after a delay from 1 October 2021. This is supported with a centralised clearing invoice database
Parliament calls for additional supplies to be added to 1 February reduced VAT cuts On 20 January 2022, the Polish Parliament voted to add further goods to the list to enjoy VAT rates cuts to 8% from 1 February 2022. These include: Coal and coke
Polish Ministry of Finance issues “Anti-Inflation Shield 2.0” – food and energy VAT rate cuts The Polish Finance Minister has won Parliamentary approval to cut to zero that VAT rate on basic foods due to concerns over inflation. This would be introduced between 1st February
Poland joins 18 other EU member states with VAT group simplification option Poland has signed into law a range of tax measures (Polski Ład) to help promote business innovation and growth. This includes the option for a single VAT return for related companies, a ‘VAT
Banks and other financial institution may opt for B2B VAT on certain activities Poland is to take up the EU VAT Directive option to allow businesses to charge VAT on certain B2B financial service transactions. This will come into effect from 1 January 2022. The
Poland is set to implement a range of compliance simplifications as part of its simple, local and modern (‘SLIM’) VAT initiative. Poland’s SLIM VAT phase 1 was introduced at the start of 2021. SLIM VAT systems were conceived for developing countries seeking to implement or
The Polish Ministry of Finance has provided further guidance on the implementation of its SLIM VAT reforms which came into effect at the start of 2020. This aims to help simplify VAT compliance rules. Highlight of the package include Input VAT deductions are extended to
Slovakia and Poland have signed an automatic exchange of VAT data agreement. The agreement will facilitate transfer of transactional-level data to help both countries detect cross-border VAT fraud. Poland already has similar arrangements with German, Czech, Hungary and Lithuania. The agreement will come into effect
Poland has become the latest country to introduce a simple, local and modern (‘SLIM’) VAT initiative. The Polish measures, to be implemented in early 2021, announced include: Advance payments on exports may benefit from zero rating if the goods are shipped up to six months
Poland austerity VAT hike Poland has become the newest European country to increase its indirect tax rate to help cope with financial crisis and Euro currency crisis. Its standard rate will rise from 22% to 23% on 1 January 2011. The reduced VAT rates of
