Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/16/2012

Poland - Draft amendments to VAT law 

October 16:   Proposed changes to Poland’s value added tax (VAT) law include measures that are scheduled to be effective in two stages—the first, from 1 January 2013 and and the second from 1 July 2013.

According to an August 2012 draft of the VAT proposals, among the provisions that would be effective 1 January 2013 are measures concerning:


  • Rules for the supply of goods settled by the purchaser (reverse charge)
  • A new definition for the export of goods
  • A zero (0%) rate of VAT on export of goods and on intra-Community supply of goods
  • The calculation for a partial VAT deduction
  • Free-of-charge transfers of goods
  • Definition of samples
  • VAT exemption for second-hand goods

Amendments that would be effective 1 July 2013 include:


  • A new definition of the tax base
  • Rules for determining when the tax liability arises and when the right to deduct VAT arises
  • The deadline for issuing VAT invoices
  • Confirmation of the receipt of correcting invoices
  • Electronic invoices
  • The introduction of simplified invoices
  • An end to the requirement to issue internal invoices and correcting notes

Read an October 2012 report [PDF 169 KB] prepared by the KPMG member firm in Poland: Draft amendments to the VAT Act




    ©2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


    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.


    Direct comments, including requests for subscriptions, to go-fmtaxnewsflash@kpmg.com.
    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.

     

    Share this

    Share this

    Subscribe

    Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


    Already a Subscriber? Login


    Not a member? Subscribe now

    Contact us