The Polish Minister of Finance has presented a package of simplification measures which should come into force at the beginning of 2021.
For example :
Advance payment invoices for exports can benefit from VAT exemption if the goods are shipped within 6 months. Currently, the limit is 2 months;
Input VAT paid on purchases can be deducted up to 4 months after the transaction instead of the current 2 months limit;
VAT deduction on gifts will be limited to gifts with a value up to PLN 20 (currently PLN 10);
Input VAT paid for the purchase and resale of BtoB accommodation services will become recoverable;
- The obligation to obtain confirmation of receipt of the credit note by the buyer in order to deduct the corresponding VAT will be removed.
For more information, please contact our experts.
Source: Polish Ministry of Finance (in Polish)
