Taxes 2013 – Polish President signed amendment to the Polish VAT Act and Tonnage Tax Act

President Bronisław Komorowski signed on December 27th 2012 the two important for the taxpayers tax amendments: VAT Act amendment and Tonnage Tax Act amendment. Some of the provisions will come into force in the beginning of 2013, and some of them (such as the moment of tax point/tax liability) will come into force at the beginning of 2014.

 

The VAT Act Amendments are primarily due to the need to implement the EU regulations mainly within the invoices issuance area and the place of performance of services. “The changes introduced by the VAT Act amendments relate to clarification of the tax terms and definitions, tax representative definition, tax liability, the regulations regarding tax base, the use of 0% VAT rate conditions and the reduced rates, the tax exemptions and input tax deductions, regulations regarding the VAT registration of the tax payers and also the rules of invoicing” states the official presidential press office note.

At the beginning of 2013 the amendments to the Tonnage Act will apply. The changes relate specifically to shipping companies (owners) who operate marine commercial vessels in international shipping. The amendment adjusts the Polish legislation to the European Commission’s decision.