Tax Alert No 4/2016: Polish Ministry of Finance presented so called “fuel package”

On 5th May, 2016 Polish Minister of Finance presented the project of the amendments to the VAT, excise tax and Energy Law connected with intra-Community fuel transactions. The changes are proposed to reduce the tax frauds noticed in this respect.

The most significant changes introduced by the project are as follows:

  1. The license for fuel trading will be granted only to entities established in Poland or Polish branches of foreign entities registered for VAT in our country;
  2. The same entities will be allowed to benefit from excise duty suspension procedure in respect to intra-Community acquisition of fuel;
  3. The VAT resulted from intra-Community acquisitions of fuel will have to be paid immediately after the goods are shipped to Poland or excise duty suspension procedure is finished.

It is planned that the above mentioned amendments will come into force after two months of the date of its promulgation.

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The alert presents the issues that we believe may be of interest to you. The information in the alert is of a general nature and it does not cover all changes resulting from the amendment of the VAT law. Before making any decision or action, as well as in case of any questions or concerns, please contact one of our tax advisors on +48222503100 (email:biuro@itadp.pl).

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