Poland: VAT measures in draft legislative amendment

Poland: VAT measures in draft legislative amendment

The Ministry of Finance on 23 September 2016 published a draft legislative amendment that would revise various laws in Poland including the value added tax (VAT) law. If enacted, the provisions would be effective 1 January 2017.

Related content

Among the provisions are measures concerning sanctions or penalties for underreporting or underestimated VAT on the VAT return. The penalties could range from 30% of the underreported amount of VAT up to 100% of the VAT on “blank invoices” issued.  Other measures included in the draft legislation concern:

  • An extension of the scope of the reverse charge
  • A “registration deposit” for some entities on beginning their business activity, registration for VAT purposes 
  • Extension of the VAT refund period to allow for verification of the claimed refund and verification of the contracting party
  • Allowing tax authorities to refuse a VAT registration
  • Changes regarding the 25-day period for VAT refunds 
  • Repeal of the VAT exemption for ancillary services (other than financial services)

 

Read an October 2016 report [PDF 333 KB] prepared by the KPMG member firm in Poland

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform