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Post by joita9865 on Oct 26, 2023 3:46:32 GMT
SLIM VAT – summary The long-awaited changes introduced in the Slim VAT package come into force on July , . Entrepreneurs will certainly be happy to know that they will not have to correct the VAT charged on WNT transactions if they have not received an invoice within months. Equally positive news is that owners of online and virtual cash registers will not have to print documents relating to sales at this type of cash registers, all they need to do is prepare reports and store them electronically. The relaxation of the rules for imposing sanctions, and in some cases the possibility of waiving philippines photo editor their imposition, will certainly satisfy honest entrepreneurs. Entities using the simplified OSS and IOSS procedures will finally be able to correct their settlements. Waiving payments for the issuance of WIS also seems to be a step in the right direction. Entrepreneurs who conduct mixed sales - taxable and exempt - will be more likely to be able to deduct % of input VAT. Equalizing the limit for small taxpayers in VAT and PIT to EUR , , should also be assessed positively. Other changes described and not described in the publication can be found in the VAT Act in the version in force from July , . The most important questions Is Slim VAT valid? Yes, Slim VAT is a set of changes to the Polish VAT system that entered into force on July.
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