Value Added Tax or VAT is a tax charged on most business-to-business and business-to-consumer transactions in all the countries of the European Union and in a growing number of other countries. The laws establishing the VAT are national laws therefore all business entities conducting business in Poland have to comply with Polish VAT Act and EU Council Directive 2006/112 on the common system of value added tax.
The complexity of the VAT legislation is a growing concern for businesses. Proper management of VAT and other indirect taxes is essential, especially for companies involved in international trade, as they invariably encounter cross-jurisdictional issues and increasingly complicated tax risks. Therefore, obtaining expert advice is a key to managing VAT as this can positively influence your company’s financial position in the long term.
The main goal of our specialist is to help you maximize savings in finding an optimal VAT position for current or planned business activities. Our experienced specialists will assist you with VAT planning and compliance as well as VAT scans and local and international advice. We also offer advising on procedures, rules and a disputes with the VAT authorities.
Features of our VAT representation services include:
• Initial analysis determining if the business has an obligation to register for VAT in Poland
• Registration for VAT in Poland
• Maintaining VAT registers
• VAT monthly/ quarterly reporting
• Fiscal Representation services
• Preparation, completion and submission of:
- VAT Returns
- EC Sales Listings
- Intrastat Declarations
• Liaising and managing relations with the relevant tax offices.
• Arranging de-registration from VAT
High penalties for incorrect determination of tax liabilities and the fact that VAT is levied on the turnover, not the company’s profit result means that the wrong interpretation of economic events may prove to be costly. When making a business to business transactions entrepreneurs are facing many legal and tax uncertainties. These doubts should be resolved quickly and accurately.
Proper management of VAT requires not only tracking and implementation of changes in regulations and in practice of the tax authorities and courts, but most of all usage of tax engineering.
INTERTAX in Poland will help you not only follow the rules and provisions, but also within them choose the best solution.
De-registration from VAT
It is essential to make sure if your business needs to fulfill the VAT reporting obligation in Poland or de-registration from VAT in Poland is advisable.
INTERTAX will provide you with a complete package in case you need to perform VAT deregistration in Poland. We will help you establish whether VAT deregistration is needed since your VAT reporting in Poland may no longer be required. Since an entity already registered as an EU VAT taxable person that stops handling intra-community transactions is required to report this fact to Tax Authorities please make sure that you inform us of the facts that may affect your intra-community reporting in Poland.
Poland VAT rates
The standard VAT rate in Poland is 23% since January 2011. There are reduced rates of 8% and 5% on certain food, books, newspapers and the supply of a limited number of other services. A number of services are exempt from Polish VAT, such as financial and postal services. There are exempt taxable supplies, and many variations to the above rates. Please contact us for further information that you may need.