The amendment to the VAT Act introduces further changes to the regulations called the SLIM VAT 2 package. Most of them will enter into force on October 1, 2021, and several of them will apply from September 7, 2021. Is the next amendment to the VAT Act a simplification or an even greater complication of regulations? The act of 11 August 2021 amending the act on tax on goods and services and the act - banking law (hereinafter: the amending act) has already been published in the Journal of Laws. This amendment was titled SLIM VAT 2 package, which is an update of the colloquially named SLIM VAT package. The main purpose of the changes in the scope of SLIM VAT and SLIM VAT 2 is to "simplify" VAT settlements. Therefore, the intention of the legislator was to specify the tax regulations as precisely as possible in order to remove ambiguities in the interpretation of the law. The most important supplementary changes included in the SLIM VAT 2 package are listed below:
Changes effective from September 1, 2021:
Limiting the possibility of settling the output VAT in transactions constituting the import of goods under the simplified procedure
Changes effective from September 7, 2021:
the possibility of submitting a correction of the declaration by the taxpayer who applies VAT settlement on the import of goods, if the tax was not correctly settled in the original declaration,
elimination of the necessity to settle VAT on intra-Community acquisition of goods and import of services in various periods.
Changes effective from October 1, 2021:
defining the rules for recognizing corrections related to the import of services, intra-Community acquisition of goods and the supply of goods, for which the buyer is the taxpayer,
in the case of chain transactions regarding intra-Community supplies and export of goods, clarification of the principle of assigning transport,
changing the conditions for taking advantage of the bad debt relief,
introducing the possibility of submitting a consistent declaration of the supplier and the buyer in a notarial deed regarding the choice of the form of taxation of real estate delivery,
facilitating the use of funds on VAT accounts.
Changes effective from January 1, 2022:
extending the number of periods in which the taxpayer can deduct input VAT by correcting the return (if the deadline for tax deduction has expired "on an ongoing basis"),
extending the deadline for submitting VAT-26 (information on motor vehicles used exclusively for the taxpayer's business),
Are all the above modifications to the provisions of the VAT Act a real simplification of VAT settlements, or will they turn out to be an even greater complication of the tax system? We will tell about it at our next training, which will take place on October 7, 2021.
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If you decide to participate in the training, please complete the application form and send it to the following address: Edukacja@uchman.pl by October 1, 2021. Agenda to download: >>> Agenda Application for download: >>> Application