Your company has operations in Poland, VAT obligations should be simpler for you in 2021. According to the Polish authorities, the package includes solutions that simplify and modernize VAT settlement by taxpayers. SLIM VAT actually aims at removing unnecessary and redundant obligations that obstruct business operations. The new rules will become applicable as of 01.01.2021.
SLIM VAT introduces changes in four areas:
- Correction of invoices;
- Facilitation for exporters;
- Common exchange rates with income tax;
- Financial benefits.