Poland: Draft legislative amendment, VAT split payment | KPMG | GLOBAL

Poland: Draft legislative amendment introduces VAT “split payment” system

Poland: Draft legislative amendment, VAT split payment

A draft amendment would introduce the “split payment” mechanism to value added tax (VAT) legislation in Poland.

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The “split payment” mechanism is based on the assumption that the purchaser of goods and services would pay VAT (in total or in part) into a supplier’s dedicated VAT bank account. The amount of VAT due would be deposited into the first VAT bank account (to which access would be restricted). The net amount of VAT due would then be kept in a second bank account. 

To encourage VAT taxpayers to participate in the VAT split payment system, the legislation would offer certain incentives.

 

Read a September 2017 report [PDF 483 KB] prepared by the KPMG member firm in Poland

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