Changes to registration for VAT as from January 2017
A law whose purpose is, first and foremost, to improve VAT collection ratio is currently at an advanced stage of the legislation process. Additionally, it aims to verify the list of entities registered as active VAT payers. The draft act is a harbinger of several changes to the rules of registration as a VAT payer, as well as signing off. Presented below are some of the changes regulating this aspect of business operation.
- More stringent regulations with respect to VAT payer registration
- submitting for 6 consecutive months or 2 consecutive quarters of VAT declarations in which sales and purchases with tax amounts to be deducted were not declared,
- issuing invoices or corrective invoices which did not substantiate actual actions,
- conducting business operations while being aware or having justified grounds to presume that the business entity is participating in a fraudulent or tax misappropriation practice aiming to attain undue financial gain at the expense of the state budget.
- Removing tax payers from the register of active tax payers parallel to retaining them in the register with the status of payers exempt from VAT
- Introduction of the proxy's joint and several liability
- Increase in the subjective exemption limit to 200,000 PLN
- attained total sales worth over 150,000 PLN but not more than 200,000 PLN in 2016;
- began performing taxable actions in 2016, and whose total sales value in proportion to the period of their business operation was more than 150,000 PLN but did not exceed 200,000 PLN.