Malgorzata Kucewicz, Associate in Kochanski Zieba Rapala and Partners comments on the latest bill on VAT in Poland
The latest bill on VAT is currently at the stage of inter-ministerial discussion, and should be submitted to the Sejm shortly. According to the Ministry of Finance, the bill will come into force on 1 January 2013. Pursuant to the statement of reasons for the bill, the changes aim at adapting Polish law to EU regulations and jurisprudence of the EU Court of Justice. The planned changes are comprehensive and their implementation will significantly change the rules for VAT settlement.
The most important changes include a change in the moment when a tax obligation arises, change of the moment of the input VAT deduction and changes in invoice issuance rules.