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SLIM VAT 3 comes into force on 1 July 2023

On 5 June 2023, the law introducing the so-called SLIM VAT 3 package was announced.
Gerard Goliasz
Senior TAX Specialist

The amendment introduces further solutions to simplify and accelerate VAT settlements.

The Ministry of Finance has so far introduced two packages designed to simplify VAT settlements, namely SLIM VAT 1 and SLIM VAT 2.

The new third edition of SLIM VAT 3:

  • increases the sales value limit for small taxpayers from EUR 1.2 million to EUR 2.0 million;
  • clarifies the moment of showing an intra-Community supply of goods with a 0% rate in declaration corrections - in the event of receiving documents late;
  • excludes the obligation to hold an invoice for intra-Community acquisition of goods (WNT) when deducting input VAT on this account;
  • simplifies the conversion of exchange rates in correcting invoices, inter alia by introducing the possibility to use a single exchange rate for cumulative invoices in the negative from the day preceding the day of issuing the correction;
  • changes to Binding Tariff Information - binding the content of the Binding Tariff Information to the entity that applied for it, elimination of the fee for the application for its issuance;
  • amendment to the rules for imposing VAT sanctions, abolition of automatism in imposing sanctions as regards their amount;
  • removal of the necessity to make an annual adjustment of input VAT if the final sales ratio is lower and differs by no more than 2 percentage points from the preliminary ratio;
  • an increase in the threshold for accepting a ratio of 100 per cent where it exceeds 98 per cent - the limit will be raised from PLN 500 to PLN 10,000.
  • extension of the possibility to dispose of funds in a VAT account;
  • simplification of the application of the split payment for factoring by introducing an additional way of discharging joint and several liability in case of a change of factor.
  • removes the obligation to print fiscal reports and non-fiscal documents from online cash registers (including virtual ones).
  • defines the way of correcting transactions settled under the OSS and IOSS when the taxpayer no longer uses the procedures introduced by the so-called e-commerce package;
  • clarifies the application of the rules on chain supplies to supplies made using an electronic interface.

The full text of the Act can be consulted at this link.

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