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Poland – new way of VAT reporting

By July 28, 2020July 10th, 2021No Comments

As of 1 October, a new way of VAT reporting comes into force. The changes have been postponed from 1 July due to COVID situation. The Ministry of Finance (MF) released a brochure with explanations to the new scheme of VAT declaration…

As of 1 October, a new way of VAT reporting comes into force. The changes have been postponed from 1 July due to COVID situation. The Ministry of Finance (MF) released a brochure with explanations to the new scheme of VAT declaration.  Generally, instead of submitting JPK_VAT and VAT returns (VAT-7 or VAT-7K), taxpayers will submit a new, extended, JPK_VAT containing data from both documents. This will be one document, covering either a monthly or quarterly settlement period, without most of the attachments that were required when submitting traditional VAT-7 or VAT-7K returns. However, due to EU regulations, recapitulative statements, that is, VAT-UE and VAT-UEK, will still need to be submitted as a separate document. The new JPK_VAT (VDEK) will require taxpayers to provide important additional data. For various types of sale transactions, there will be a new requirement to designate transactions into so-called product groups or document types. The detailed information about new VDEK are included in the MF brochure.

 

In case of any questions, please feel free to contact ASB team:

Anna Szafraniec aszafraniec@asbgroup.eu

Łukasz Woźniak lwozniak@asbgroup.eu