We would like to update you on the current status of the draft Act on Amending the Goods and Services Tax Act and Certain Other Acts (also known as the “Split Payment Act”).
The new regulations will enter into force on 1 November 2019.
Businesses will have to use split payments:
- when paying an invoice or several invoices at a time worth at least PLN 15,000.00 or its equivalent in another currency,
- if at least one invoice concerns the goods or services specified in Appendix No. 15 to the Draft Act,
- when paying advances - in this case the use of split payment will depend on the amount of the relevant invoice or the total amount of several invoices paid together.
Businesses that fail to comply with this obligation will be subject to sanctions stipulated in the Draft Act.
Taking into account feedback from businesses, the authors of the Draft Act allowed them to make one payment for several invoices issued by the same supplier for a period of at least one day and not exceeding one month.
In addition, businesses will be able to use their VAT accounts to pay: PIT, CIT, excise duty and customs duty and social insurance (ZUS) contributions.