This is a page for the tag VAT Law
Chain transactions and VAT in export – Key ruling by the Polish Supreme Administrative Court (NSA)
Chain transactions have long raised serious practical and interpretative doubts in the context of VAT – particularly when it comes to exports to third countries. One of the main challenges is determining which supply in the chain qualifies as the moving supply (and may therefore benefit from the 0% VAT... Read More →
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The right to deduct VAT with a duplicate invoice
The moment at which the payment of duplicate invoices is made is determined by whether a business has received the original sales invoice and the invoice has been recorded in its accounts. Taxpayers still had doubts when they could deduct VAT from duplicate invoices. There are two possible solutions.
New law on VAT is intended to replace completely the previous legislation
The lack of ability to obtain an advance ruling on individual tax rulings on sales VAT issues, meant for taxpayers they would be deprived of the only possible instrument to obtain a certain guarantee of the predictability of the controls in individual matters – claims Wojciech Pietrasiewicz, a tax adviser... Read More →
Most important tax changes effective 1st January, 2015
Private use of company cars from January 2015 From the start of 2015 the private use of a company car up to and including an engine size of 1,600cc (cylinder capacity) will be taxed on the basis of a assumed cash benefit of 250.00 PLN. The tax rate will be... Read More →
In which cases will the input VAT invoice for training events or qualifying conferences be deductible?
Many companies are organising training events for their clients or employees. Will the input VAT for the corresponding invoices be deductible? There is a right to deduct input VAT for purchased goods and services, however, under the pre-condition that the purchased services are corresponding with business activities liable to VAT.... Read More →
Receipt of an advance payment confirmed with an invoice
The receipt, before goods are supplied or a service is fully performed, of the whole or part of the payment (among others – a payment on account, an advance payment, a deposit or an installment), generally results in the obligation to pay arising on the moment of its receipt with... Read More →
Obligation to pay in VAT when performing continuous services
In general, continuous services are considered as performed on the lapse of the period to which payments or clearings will apply. The notice of ‘continuous services’ is not defined in VAT regulations. In practice, however, it is assumed that they are services performed constantly, for a longer period of time.
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 →
