Poland to Implement VAT Split Payment System to Counter Fraud
The Polish government has proposed draft legislation to amend the VAT Law to introduce a split payment system for value added tax (VAT). Such a system is meant to counter VAT fraud by splitting a payment so that the VAT due on an invoice at the time of payment would be directly deposited into a restricted VAT account and the net amount deposited in the supplier's normal bank account. As propose…
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