Requirement to issue structured invoices
According to the current version of the draft law of June 16, 2023, on amendments to the Law on Value Added Tax and amendments to certain other laws, mandatory e-invoicing will come into effect on July 1, 2024, and for taxpayers exempt from VAT by subject or object on January 1, 2025.
QR code as a way to verify structured invoice
The requirement to mark a visualized structured invoice, e.g. either in PDF format or to paper, with a verification code is another of the new obligations to be imposed on VAT taxpayers in connection with the planned introduction of the mandatory KSeF. Marking the visualization of an invoice with such a code will make it possible, in particular, to verify that a given invoice was issued in KSeF and that the data on it is correct.
New obligations and new penalties – a few words about the mandatory KSEF
As a result of the planned introduction of mandatory KSeF, taxpayers will not only be subject to new obligations but, at the same time, if they fail to comply with some of them, they will face negative financial consequences.
Illegal energy extraction as a supply of goods for consideration – CJEU judgment
On April 27, 2023, the CJEU issued a judgment in Case C-677/21 (Fluvius Antwerpen vs. MX) concerning the VAT taxation of illegal consumption of electricity by an individual. In the case under review, the distribution system operator, after discovering the non-contractual consumption of energy, issued an invoice for the supply of electricity to the aforementioned individual containing VAT. The amount due on the invoice was calculated on the basis of the actual energy consumption of this person based on the metered meter.
Changes in transfer pricing for 2022
The legislator has already acclimated us to annual changes in transfer pricing regulations, especially during the Covid-19 pandemic period. Therefore, in order to properly fulfill reporting obligations, it is important to stay up-to-date and be aware of the changes that have been made in this regard for 2022. One of the most important changes is one concerning the deadlines for the preparation of the documentation itself and the related forms.
Supply of commercial real estate vs. enterprise/organized part of enterprise
The disposal of commercial real estate, together with additional assets used to carry out a specific business activity, may have diametrically different VAT consequences depending on the classification of the subject of the transaction as either goods or a business/organization thereof. This is because the transaction of disposal of a business/organized part of a business is not subject to VAT.
Free transfer of goods and VAT
VAT-related regulations are an important part of financial regulation for businesses in Poland. Often, however, these regulations can be complicated and incomprehensible to the average businessman. One such issue is the taxation of gratuitous transfers of goods. In this blog post, we will take a closer look at when such transfers are subject to VAT, in accordance with Article 7(2) of the VAT Act. We will also discuss issues related to exceptions to this rule, define the concepts of “gifts of small value” and “samples,” and provide examples of tax authorities’ interpretations in the context of gratuitous transfers of goods.
Sale of goods at promotional prices – VAT consequences
Sales promotions and significant price reductions are common strategies used to attract customer attention and increase sales. Promotional prices, often drastically reduced, are often part of the marketing strategies of many companies. While these activities are beneficial to consumers, for businesses they can have important tax consequences.