Split Payment: New Solution For VAT Gap?
The Polish Ministry of Finance is working on a new solution that is to tighten the VAT gap, i.e. the difference between the expected and actual VAT revenue. The state budget is losing billions of PLN each year due to dishonest taxpayers. Splitting the goods and services tax is to increase tax collection and make entrepreneurs feel safer. According to the information from the Ministry, the new regulations on VAT are planned for 2018.
The system of split payment is already functioning in such Eur Read more