On 01/01/2020, the European changes to the VAT law came into force (so-called Quick Fixes). The new rules concern the following areas:
- New requirements regarding the EU registration for VAT purposes when carrying out intra-Community supply
- New documentation requirements to prove intra-Community supplies
- Call-off-Stock warehouse
- Chain transactions
It is worth remembering that the Polish legislator has not managed to introduce relevant legal acts into Polish regulations on time. The Polish Ministry of Finance has notified that until the introduction of the changes to the Polish regulations, Polish taxpayers will have a choice between applying the previous provisions of Polish law or the new provisions of the Directive (Implementing Regulation is directly applicable). However, this choice shall be consistent.
You will find more information in the short guide.
Author: dr. Małgorzata Stępień, attorney at law and tax consultant