Wojciech Jaskuła
by Wojciech Jaskuła
Poland will introduce a mandatory business-to-business electronic invoicing system by January 2024. The new system will be a special platform governed by the Polish Ministry of Finance, and used for issuing and receiving invoices. After its implementation, other forms of invoicing will no longer be available.
Main principles
The new e-invoicing system is based on an EU directive aimed at preventing VAT fraud and has actually been functioning on a voluntary basis in Poland since 01 January 2022. Effective January 2024, all invoices in electronic form will have to be sent to the special platform. Subsequently, the platform will accept the invoice or reject it. However, acceptance of an invoice does not reflect verification of its legality or its compliance with VAT provisions, only that the invoice issued by a taxpayer is compliant with the e-invoice structure and is in line with the Ministry of Finance requirements.
Opportunities and challenges
The system will be both an opportunity for simplifying and accelerating the circulation of invoices, but it is also a serious challenge for taxpayers. On the one hand, the standard deadline for VAT refunds will be shortened from 60 to 40 days, taxpayers will not be obliged to store invoices, and VAT reporting obligations will be decreased. On the other hand, taxpayers will incur significant expense in implementing the new requirements.
Taxpayers also harbour concerns about how the system will operate in practice, including the modification of already-issued e-invoices, and exemptions (mostly within the retail sector). Precise details regarding the provisions are still a matter of government legislation.
GGI member firmPenterisWarsaw, PolandT: +48 22 257 83 00
Law Firm Services
Penteris is a European law firm committed to keeping clients ahead of the market with a mantra of “getting things done” and “building long-term relations”.
Wojciech is a tax professional who has recently been nominated “Rising Star” by the Legal 500. His expertise focuses on legal and tax issues with respect to transactions and international restructuring. Contact Wojciech.