Amendment to the VAT act signed into law

The President signed the amendment to the VAT act.

Regulations of the amendment are adjusting the act to provisions of three EU directives.

The most important changes are:

1. The place of service provision – the VAT will be collected not in a country of a supplier, but in a country of a customer.

2. The information about transactions with companies from other Member States will be submitted by the 15th day of each month, rather than by the 25th day after the end of a quarter.

3. VAT refund from another Member State – an application for VAT refund can be submitted to Polish tax office, and not in a tax office of a country where a purchase was made.

Most of the amended regulations will come into force on 1 January 2010, except changes concerning the place of taxation of services related to culture, art, sport, education and entertainment which will take effect on 1 January 2010.