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Polish VAT changes financial services and anti-fraud reverse charge

  • VAT
  • 02 September 2014 | Richard Asquith

Polish VAT changes financial services and anti-fraud reverse charge

There are to be changes to the Polish VAT Law from the 1 January 2015 . These include:

  1. Introduction of the domestic reverse charge for the provision of high value small items susceptible to VAT fraud. These include computer chips, phones and tablets. This measure is designed to stamp out extensive VAT missing trader frauds whereby companies falsely claim no VAT on exports which are actually sold domestically with VAT.
  2. Removal of the VAT exemption for the provision of outsourced banking and insurance administration services
  3. Changes to the rules on determining the proportions of input VAT which may be reclaimed when a company is selling a mixture of taxable and full/partially exempt supplies.

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 this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.