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VAT Returns May Soon Be Calculated Automatically in Poland
๐Ÿ‡ต๐Ÿ‡ฑ Poland /Economy & Trade

VAT Returns May Soon Be Calculated Automatically in Poland

From Rzeczpospolita · () Polish

Translated from Polish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Ongoing story
  • Poland's tax administration is developing a system for automatic VAT return preparation, based on data from the National e-Invoices System (KSeF).
  • This initiative aims to streamline VAT settlements for businesses by providing pre-filled declarations for approval or correction.
  • The proposed system is similar to the existing 'Your e-PIT' service for personal income tax returns.

Poland's tax administration is reportedly working on a system to automatically prepare preliminary Value Added Tax (VAT) declarations and JPK (Standard Audit File for Tax) files. This development, if implemented, could significantly streamline VAT settlements for a portion of Polish businesses.

The new mechanism would leverage data from the National e-Invoices System (KSeF). Once a month concludes, VAT taxpayers would receive a proposed VAT settlement declaration. They would then have the option to approve, supplement, or correct this pre-filled document.

This approach mirrors the 'Your e-PIT' system, which already offers taxpayers a pre-filled annual income tax return. Users can review and modify the declaration on the Ministry of Finance's tax portal before final submission.

The goal of this automation is to simplify the tax compliance process, reducing the administrative burden on businesses and potentially improving accuracy by utilizing readily available invoice data.

DistantNews Editorial

Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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