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This is a page for the tag VAT Settlement
Deposit system – new VAT settlement rules from 2025
A new deposit system will come into effect in Poland on January 1, 2025. As a result, reverse vending machines for returning bottles may become a permanent feature in many stores. The new system aims to improve recycling efficiency in Poland, enhance environmental protection, and provide additional income opportunities for...
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Rules for VAT refund from Germany
A VAT refund from Germany is an essential aspect for entrepreneurs making purchases in this country. This process is regulated by the Council Directive 2008/9/EC of 12 February 2008, which lays down the detailed rules for the refund of value-added tax (VAT) within the European Union. Who can apply for...
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Current VAT rates in Poland in 2024
The year 2024 brings several significant changes to the value added tax (VAT) system in Poland, which can significantly affect entrepreneurs. Understanding the current rates and their application across various industries is crucial not only for compliance but also for optimizing business costs. This article discusses both the applicable VAT...
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Determining the time limit for VAT refunds in situations of unpaid invoices – CJEU judgment
The judgment issued by the Court of Justice of the European Union (CJEU) on February 29, 2024, in case C-314/22, concerns the interpretation of Article 90 of the directive in the context of the admissibility of a delay period related to the settlement of VAT. Context of the case Consortium...
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Application of the 0% VAT rate on intra-Community supply of goods and knowledge of the identity of the purchaser – CJEU judgment
The verdict dated 29th of February 2024, case C-676/22 B2 Energy s.r.o. analyses the issue related to the possibility of applying the VAT exemption when the supplied goods have been shipped to a purchaser other than the one mentioned in the tax documents. Background of the case In 2015, the...
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The increase in the VAT rate on food from April 1, 2024
The Ministry of Finance has announced that from April 1, 2024, the reduced VAT rate on basic food products will not be continued. Instead of the zero VAT rate, which has been in effect since February 2022, a rate of 5% will be applied. This decision was justified by a...
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Binding rate information applications only by electronic means
As of the beginning of 2024, the Polish tax system has undergone a significant change in the process of submitting applications for binding rate information (WIS). The new regulation requires that these applications are submitted exclusively electronically, eliminating traditional paper-based forms. Binding rate information is a key element in the...
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Changes Introduced by the SLIM VAT 3 Package
In recent years, the Polish government has made numerous changes to the VAT tax, aiming to simplify and streamline the tax system for entrepreneurs. One of the latest packages is SLIM VAT 3, which came into effect on July 1, 2023. Below are the most important changes introduced in this...
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Extension of deadlines for the filing of TPRs and transfer pricing documentation
The deadlines for the filing of the TPR and the statement on the preparation of local transfer pricing documentation for 2021 have been extended – thus, for companies whose financial year 2021 coincided with the calendar year, the deadline is, in principle, 30 December 2022. For entities whose financial year...
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The obligation to prepare the Transfer Pricing documentation
We would like to inform you, that as of January 1, 2021, pursuant to Art. 11o Sec. 1a and 1b of the Corporate Income Tax Act, the obligation to prepare the Transfer Pricing documentation also applies to a controlled transaction or a transaction other than a controlled transaction, if the...
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