Polish finance ministry plans simpler VAT payments

Poland’s finance ministry aims to make life easier for small and medium-sized companies by simplifying how VAT is paid, a news agency has reported.

Image by Obsahovka from Pixabay

Image by Obsahovka from Pixabay Pixabay License

Finance Minister Tadeusz Kościński said that the change would not affect Value Added Tax rates themselves.

Simplifying VAT payments will be possible through the use of electronic receipts and invoices, and online cash registers, public broadcaster Polish Radio’s IAR news agency reported.

Deputy Finance Minister Jan Sarnowski said that exporters would be among those who stand to benefit from the new system.

The finance ministry wants the changes to come into force early next year, according to the IAR agency.

(pk)

Source: IAR

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