31 January 2025
Despite deviating from Article 226 of Directive 2006/112/EC of the EU VAT Directive, Poland has been allowed to carry on using their VAT split payments regime until February 2028.
This regime, which was initially introduced in November 2019, allows customers to pay the VAT amount of a sale directly into a special supervised bank account. The tax authorities can then make withdrawals directly from this bank account to settle the supplier’s VAT liability.
To secure the continuation of the derogation, Poland had to demonstrate that the regime improves VAT collection and allows for faster refunds of credit amounts to taxpayers
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
REMINDER: Estonia standard VAT rate increase to 24%...
From 1 July 2025, Estonia will increase its standard VAT rate from 22% to 24%. The reduced VAT rates will also increase from 9% to 13% and from 5% to 9%. The...
SEE MORE
LATEST NEWS
South Africa confirms the removal of VAT charges on...
The South African Revenue Service (SARS) has confirmed that foreign traders who supply electronic services only to business customers in South Africa, will not...
SEE MORE
LATEST NEWS
Lithuania reveals plan to increase reduced VAT Rate...
In March 2025, Lithuanian Prime Minister Gintautas Paluckas announced that the government plans to increase the reduced VAT rate in the country from 9% to...
SEE MORE