This is a page for the tag VAT Law
Settlement of corrective VAT invoices
A corrective invoice must be, as a rule, be issued by the taxpayer in cases where, after the invoice had been issued, a discount or a rebate was granted, goods were returned, the payment was refunded in whole or in part, the price was increased or if a mistake was... Read More →
A company car – changes in accounting for VAT from 01 April, 2014
From 01 April, 2014 new rules for calculating and accounting for VAT on expenses regarding automotive vehicles, with an allowable total weight not exceeding 3.5 tones shall apply. The new regulations intend to limit the right to account for VAT in the instance of automotive vehicles which are being used... Read More →
Date of issuing an invoice in the case of delivery of goods
An invoice should include the following: the date of issuing, the date of executing or finalising the delivery of goods, when you performed the service and the date of receiving money, as mentioned in Article 108b, Section 1, Subsection 4 of the VAT Tax (Dz. U. of 2011, No. 177,... Read More →
VAT Register (Accounting)
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Date11 Apr 2014
The VAT rates in Poland: Regardless of the legal form of carrying out business activity in Poland foreign investors are obliged to pay VAT on purchases made in Poland. The basic VAT rate in Poland is 23%, but there are products taxed at lower rates of 8%, 3% or even... Read More →
VAT Registration Services
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Date11 Apr 2014
Who is required to register for Polish VAT? Polish Entities If during the past calendar year your business has made taxable supplies within the meaning of the Polish VAT law in Poland exceeding 150,000.00 PLN (excluding tax) you will be required to register and account for Polish VAT. The same... Read More →
Value Added Tax (VAT) in Poland
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Date11 Apr 2014
Overview The Polish Value Added Tax Act of 11 March, 2004 [the VAT Act] is based on EU legislation, and in particular, on the provisions of Directive 2006/112/EC on the common system of value added tax [the VAT Directive]. In 2013, the main VAT rates applicable in Poland are as... Read More →
The right to deduct VAT for the Intra-Community acquisition of goods
Starting on 01 January, 2014 the right to deduct VAT calculated for the Intra-Community acquisition of goods (WNT) arises on general rules. The taxpayer may deduct VAT in the settlement for the period in which, for goods purchased by the taxpayer, the tax liability arose. However, it should be noted... Read More →
Penalties for not submitting information about company car
Those tax payers who use their vehicle/s for business purposes only and keep a logbook/s for the vehicle/s may be able to deduct the entire VAT. The with holding of information about their vehicle/s with the full deduction at the tax office, will be subject to fine penalties, or even... Read More →
New income limits regarding, among others, the status of a small taxpayers
As of 01 January, 2014 new higher income limits regarding, among others, the status of a small taxpayers, which are not obliged to keeping the accounting ledgers. The status of a small taxpayer (PIT, CIT and VAT) shall be kept by companies whose income value from the sale achieved in... Read More →
Tax changes from 01 January 2014
From 01 January, 2014 will have long heralded a revolution in the Polish regulations regarding VAT. Changes from that day, coming into force will have a major impact on the way accounting for VAT in Poland. They may make it necessary to modify the current procedures of tax, and adjustment... Read More →
