Tax workshops: changes in VAT for 2014

The new VAT regulations are effective as of 1 January 2014. The amendments mostly concern the tax point, the provisions referring to the right to deduct and issue invoices. The amendment, which came into force this year, is a continuation and supplement to the changes that began on 1 January 2013 when new provisions covering invoices were introduced.

All these changes are interconnected and jointly amend the elementary principles of the Polish VAT system that have been in place for more than 20 years.

Despite the new regulations being seemingly clear and precise, their application in practice may be fraught with difficulties. This is caused by the fact that the new provisions will be seen in terms of the VAT Act in the interpretation effective to date, which both taxpayers and tax authorities have gotten used to.

Additionally, probably in March of this year, new provisions on deducting car VAT will come into force. The new deduction mechanism will be introduced, resulting in new restrictions and new possibilities.

In connection with the above, please accept our invitation to the tax workshops, where the above issues will be discussed from the perspective of your company.

View the entire publication