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Doczy: 18 Gru 2023 Posty: 1
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Wysany: Pon Gru 18, 2023 07:14 Temat postu: Physical or legal address of the company's office |
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Split payment or simply put the split payment mechanism has raised many doubts and concerns about maintaining financial liquidity since its introduction. Split payment is certainly beneficial for the state budget but not necessarily for the entrepreneurs themselves. What obligations did the change in tax regulations impose on them? How much does split payment affect the ability of enterprises to settle their liabilities on an ongoing basis? What is the split payment mechanism? The split payment mechanism came into force in the Polish tax system on July.
What is it about? The assumption is very simple when paying an invoice for services provided or goods sold you must divide the amount due into two independent streams Email Marketing List and transfer the funds to special bank accounts. Where and what amount should be transferred? All information can be found on the received invoice the net amount from the invoice should be transferred to the account of the sellerservice provider the VAT amount should be transferred to a special VAT account.
It cannot be denied that this is a certain nuisance but it does not apply to all entrepreneurs. You need to know that the use of the split payment mechanism is mandatory in situations where all conditions listed below are met the gross value of the invoice is at least PLN. PLN both you and your contractor are VAT payers the invoice concerns goods and services listed in Annex of the VAT Act Why was the split introduced? payment? The main reason was the desire to reduce tax fraud and thus increase budget revenues. Forcing the use of a special VAT account was also intended to reduce the number of tax debtors. What are the advantages and disadvantages of split payment? Split payment is undoubtedly a great nuisance for entrepreneurs and potentially serious consequences of failure to comply with the regulations. _________________ Email List |
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