Poland VAT compliance update
*This news article is only available in English
As communicated Poland will replace the current VAT Return and the periodic SAF_T with a new SAF_T, JPK_V7 per April 1, 2020. The structure has been published and it means more detailed reporting for all businesses registered in Poland.
In addition the Polish Ministry of Finance is looking to introduce an electronic invoice reporting regime in 2021, much like the Italian model. This would provide the Polish Tax Administration with additional means to cross check sales and purchases reported in Poland by businesses.
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