Tax Alert No.3/2014 The reverse charge of import VAT in VAT return for AEO holders – draft of amendments to Polish VAT law

On 12 June 2014 Polish Government accepted draft of new Act on simplifications in conducting business activity.

On 12 June 2014 Polish Government accepted draft of new Act on simplifications in conducting business activity. Due to this project the taxpayers having AEO certificate will be entitled to reverse charge output and input VAT on its own import in VAT return. The draft of the law covers also option proposed by the Ministry of

Economy that simplification should be applicable to situations in which AEO holder acts as the indirect representative for customs purposes. So far such simplification related only to these taxpayers who benefited from customs simplifications. According to the draft the new law should be effected as of 1st January 2015. Now the draft will be discussed in Polish Parliament. The reason of this change is to make Polish seaports more attractive for importers.

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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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