Poland's Ministry of Finance has released draft legislation to amend the VAT Law. The main measures include:
- Increasing the VAT registration threshold from PLN 150,000 to PLN 200,000;
- Removing the option to file VAT quarterly, except for qualifying small taxpayers;
- Introducing certain conditions for VAT refunds; and
- Requiring a deposit of PLN 20,000 to PLN 200,000 for VAT registration purposes where the taxpayer has had tax arrears exceeding PLN 20,000 or has been deregistered.
Subject to …