Poland import VAT deferment
- Aug 7, 2020 | Richard Asquith
Poland introduced the option to defer import Value Added Tax from 1 July 2020. This enables Polish VAT registered businesses to instead declare the VAT through their next VAT return without any cash payment.
Entrepreneurs are able to use the regime irrespective of whether the goods are subject to simplifications from the EU Customs Codes. The customs declarations may be made by the importer or their intermediary. The importer must have a clear history of recent VAT and other tax compliance. They will be required to switch to monthly (from quarterly) VAT returns if they are not already on this calendar.