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.
Poland has been one of the most successful countries at reducing its VAT Gap – the difference between VAT forecast revenues and actual receipts. It will also facilitate the instant sharing of data to expose missing trader and carousel fraud – which exploits a zero-rating VAT loophole in B2B transactions across EU borders.