Guide: Quick Fixes – new rules for documenting intra-Community transactions
If you have any doubts concerning the obligation to document intra-Community supply of goods using 0% VAT rate, we encourage you to read the latest guide: Quick Fixes – new rules for documenting intra-Community transactions, prepared by experts of Andersen Tax & Legal, Poland: Elżbieta Lis and Adam Książek.
DOWNLOAD: Quick Fixes Guide
The guide presents answers to the most frequently asked questions about documenting intra-Community transactions after 1 January 2020:
- What is the subject matter and purpose of the EU Regulation?
- Do the provisions of the Regulation need to be followed to apply the 0% rate, or is it enough to collect evidence required by the Polish VAT Act?
- What is the proof of dispatch or transport of goods according to the Regulation?
- What documents are required to apply 0% VAT in intra-Community transactions if the transport of goods is organised by myself as the vendor?
- What documents are required to apply 0% VAT in intra-Community transactions if I am the vendor and the transport is made by the acquirer or a third party acting on the acquirer’s behalf?
- What does the expression “issued by two different parties that are independent of each other, of the vendor and of the acquirer” mean?
- What documents should be held by the party making the supply to apply 0% VAT in case transport is made by the client?
- What items must be included in the acquirer’s statement for it to confirm the intra-Community supply?
- What if the statement of the acquirer who arranges for transport is issued after the 10th day of a month? Do I forfeit the possibility to use the 0% rate if the deadline of 10th day of the month is not complied with?
- Is CMR sufficient to apply the 0% rate?
- Can other transport documents be presented instead of CMR?
- Can the 0% rate be used if the acquirer has collected the goods on his own and supplied a statement confirming that the goods were taken outside Poland?
- Is a copy/scan of CMR sufficient as an item of evidence to apply 0% rate?
- What happens if box 24 (the recipient’s signature) in the CMR does not contain any signature (or the signature is illegible) or stamp of the acquirer?
- Who, according to legal regulations in force since 01.01.2020, issues the statement required to apply the 0% rate for intra-Community supply in tripartite or chain transactions?
- How to interpret the expression “A receipt issued by a warehouse keeper in the Member State of destination, confirming the storage of the goods in that Member State”?
DOWNLOAD: Quick Fixes Guide
We hope our guide proves useful in your business activities and will help you account for intra-Community transactions. Should you have any questions, please contact us. Andersen Law Firm offers assistance in the following areas:
- ongoing support in VAT accounting of international transactions, including imports and exports,
- optimization of VAT settlements,
- assessment of the planned domestic and international transactions in terms of their effects and tax risks as well as potential tax optimization,
- development of structures and forms of domestic and international transactions aimed to minimize the tax risks,
- tax reviews intended to identify tax risks and improve settlement procedures,
- registration of foreign entities for the purpose of the Polish VAT.
The guide is available in Polish.