VAT

Support in reviewing the correct implementation of the new JPK VAT structure.

Failure to meet the obligations related to the split payment mechanism may lead to imposition of tax sanctions.

Increase the efficiency of VAT settlements.

Assessment of VAT settlement efficiency in terms of potential savings resulting from the latest rulings of the Court of Justice of the European Union, with particular regard to the application of bad debt relief in transactions with entities in bankruptcy or liquidation and non-VAT payers (e.g. natural persons) as well as VAT neutrality in intra-Community acquisitions and import of services.

Failure to properly remit VAT or incorrect settlement thereof may expose the company to additional costs and the risk of penal fiscal liability of individuals responsible for tax settlements (e.g. the Board, CFOs or Chief Accountants). To mitigate such risks, we help our clients get through the formalities of VAT settlements. Our ongoing support covers keeping our clients updated on the latest amendments to tax regulations and on how these changes are to affect their settlements.

We strive for supporting our clients in making correct and effective VAT settlements. The aim of tax review in VAT is to identify the potential areas of risk that may give rise to additional costs for the company and result in penal fiscal liability of the staff responsible for tax settlements.

We offer extensive experience in representing our clients during tax audits, tax and penal-fiscal proceedings, as well as before administrative courts and the Court of Justice of the European Union.

The problem of abusive VAT practices affects the entire EU but has a particular impact on the Polish market. VAT fraud is often linked with organized crime, which means that detecting it may pose a great challenge to companies. Along with the introduction of new mechanisms and legal solutions aimed at eliminating VAT fraud, criminals are moving to other industries. At the same time, the tax administration's campaigns against VAT fraud involving, inter alia, long-term inspections, challenging the correctness of settlements or blocking bank accounts, often backfires on honest entrepreneurs.

Establishing a well-organized and a well-executed system of background checks for contractors is one of the cornerstones of successful VAT settlements. In fact, subsequent amendments to tax regulations gradually extent the scope of taxpayers’ duties in terms of contractor screening, imposing severe penalties for non-compliance.

The latest amendments to the Polish VAT Act brought a raft of new solutions in terms of determining VAT rates.

Quick Fixes is a package of amendments relating to VAT in intra-Community trade, aimed at simplifying and harmonizing settlements in individual Member States.