The Polish government plans to adopt a regulation that introduces a number of simplifications in the settlements of value added tax (VAT), results from the list of legislative and program works of the Council of Ministers. The project is scheduled to be accepted in Q3 this year.
“The analysis of the provisions regulating the tax on goods and services […] made it possible to identify the regulations (areas) that require changes so that the tax settlement becomes easier and less time-consuming. The solutions planned in the project are therefore mainly simplifying and are also a response on postulates submitted by entrepreneurs to the Ministry of Finance,” we read in the list.
The proposed regulation is to assume:
– introducing a new, additional possibility of freeing oneself from joint and several liability in the event of a change of the factor,
– the possibility of withdrawal of a passenger car or other vehicle before the expiry of three years from the date of their importation, if it is justified by circumstances related to the important interest of the service, regarding the resettlement of an authorized member of diplomatic staff to work in another country, and the stay in Poland of a staff member diplomatic service was not shorter than two years,
– increasing the sales limit of a small taxpayer to 2,000, which will increase the number of taxpayers entitled to use the cash method and quarterly VAT settlements,
– clarification of the rules for applying the conversion rate for corrective invoices, if the invoice was issued in a foreign currency,
– simplifications in determining the proportion of the deduction in VAT and correction of the deducted tax (including, inter alia, increasing the amount allowing for the recognition that the proportion of the deduction determined by the taxpayer is 100%, if the proportion exceeded 98%;
– introducing the option to resign from making a correction, if the difference between the initial and final proportion does not exceed 2 points. percentage, taking into account the insignificant value of this amount,
– simplification in the field of reporting settlements regarding invoicing (including, among others, adjusting the terms of issuing an invoice to the e-receipt) and keeping sales records using cash registers (including the possibility of resignation from the obligation to print fiscal documents by taxpayers),
– resignation from the formal requirement to have an invoice for intra-community insurance when deducting input tax on this account,
– extending the VAT exemption for investment fund management services to investment funds established in other EU Member States,
– consolidation of the issuing of binding information by appointing the director of the National Tax Information as the competent authority and unifying the tax system in the area of issuing Binding Tax Information (WIS) and Binding Excise Information (WIA),
– liquidation of the fee for the application for issuing WIS,
– clarification of the rules for making adjustments to the tax due on the delivery of goods made for a traveler,
– extending the possibility of allocating funds accumulated in the VAT account for further taxes and fees, i.e. the minerals extraction tax, retail sales tax, foodstuff fee (the so-called sugar tax), flat-rate tax on the value of sold production (the so-called shipbuilding), “monkeys” fee and tonnage tax,
– enabling the transfer of funds from the VAT account to the VAT account of a VAT group representative in order to pay the taxes due to the tax office, listed.
The draft additionally implements the judgment of the Court of Justice of the European Union in the case C-935/19, it also stated.
Source: ISBnews
