As of 1 January 2021, the changes in the VAT Act regulations related to the reporting of the invoice corrections so-called „SLIM VAT package” came into force.
One of the most important implemented changes is related to the new method of invoice corrections reporting for the purpose of the VAT settlement. Unfortunately, the simplification as announced by the Ministry of Finance in connection with the invoice corrections settlements is far from facilitation.
ASB’s goal is to have a real impact on the tax changes proposed by the government, therefore, our experts took part in public consultations announced by the Ministry of Finance regarding the „SLIM VAT package” clarification and proposed comments and suggestions including the settlement of invoice corrections.
Moreover, for customers who require permanent invoice corrections, ASB developed a short mapping process for better understanding the changes influencing the invoice corrections reporting.
As ASB, we also support the companies from different economic sectors in:
- the implementation of the internal procedures connected with the exchange information between companies and their contractors (suppliers/purchasers) for the purpose of reporting invoice corrections according to the new VAT regulations,
- preparation of the applications for individual tax rulings which have a protective value and may confirm the right of implemented internal solutions in the above scope.
In case of further assistance, please do not hesitate to contact us:
CEE VAT Compliance Director
VAT Compliance Manager