The Polish government has announced a simple, local, and modern ("SLIM") VAT initiative. The SLIM VAT initiative includes changes in four main areas: Simple invoicing: The documentation requirements will be simplified for correction invoices where the taxable amount is lowered (in-minus), including that only documentary proof of the customer’s agreement is needed; and Correction invoices where the taxable amount is increased (in-plus) will be permitted in the same VAT reporting period as the original invoice; Support for exporters: Advance payments on exports may benefit from zero-rating if the goods are shipped up to six months after the payment, which is...