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Poland to Introduce VAT Split Payment System from July 2018

|Proposed Changes|Poland
Poland

Originally intending to introduce a value added tax split payment system from 1 January 2018, Poland delayed plans to April 2018 and is now planning to introduce the system from July 2018. The system is meant to reduce VAT fraud by splitting B2B payments so that the VAT due on an invoice at the time of payment is directly deposited into a restricted VAT account supervised by the tax authority a…

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