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Poland central VAT invoice register

  • Oct 29, 2015 | Richard Asquith

Poland central VAT invoice register

Poland’s new Law & Justice government is planning to introduce a centralized electronic invoice system for all taxable entities. The initiative is aimed at increasing tax revenues by eliminating the opportunities to sell goods or services without declaring the VAT element.

The newly elected government has plans to raise public spending whilst shadowing the Euro currency requirement of keeping the state deficit within 3% of GDP. Aside from the introduction of a centralized VAT invoice system, the government will introduce new taxes on banks.

E-ledgers and VAT reporting

Many EU states are introducing variations of this system. Many countries, such as Portugal, are demanding full electronic feeds of companies’ taxable transactions. Central invoice databases are used in Brazil and China.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.