On Tuesday, January 21, took place the conference dedicated to the amendments to the Act on VAT that entered into force at the beginning of 2014. It was organized by “Dziennik Gazeta Prawna” (“Daily Legal Newspaper”). The conference was attended by a representative of the Employers of Poland, Robert Oliwa, Esq., an adviser to the President of the Employers of Poland.
During the conference there was a debate on the financial liquidity of companies after January 1, 2014. It was stressed that the most important consequence of the new regulations in the VAT Act was the change of the general principle of the way of identifying the moment of the tax obligation occurrence. Compared with the regulations that were in effect till the end of 2013, companies are now obliged to pay VAT a month earlier - which is not a favourable solution for them. It was also noted that the completed modification of the VAT Act (Goods and Services Tax) is pro-fiscal in nature.
During the debate they also raised the entrepreneurs’ problems connected with the frequent withholding the VAT refunds by the revenue offices.