New VAT exemption rules for small businesses in Poland and EU
The act introduces new VAT exemption rules for small businesses operating in Poland and other European Union countries. It allows Polish companies to use the exemption in other EU countries and EU companies to use the exemption in Poland, under certain conditions and turnover limits. It also changes the rules for taxing works of art and introduces new reporting obligations.
Key points
Small businesses from other EU countries will be able to use the Polish VAT exemption if their annual turnover across the entire EU does not exceed 100,000 euros and they meet other conditions.
Polish small businesses will be able to use the VAT exemption in other EU countries if their annual turnover across the entire EU does not exceed 100,000 euros and they meet the conditions of that country.
Special identification numbers (EX) and the obligation to notify tax offices about the intention to use these exemptions have been introduced.
VAT taxation rules for the sale of works of art, collectibles, and antiques are changing, including a 22% rate for certain transactions.
Penalties have been introduced for providing false information in notifications regarding exemptions.
Most changes come into effect on January 1, 2025.
54%
VOTING RESULTS
2024-10-18
For
230
Against
197
Abstain
0
Status:
Enacted
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