NEW VAT RULES ON STEEL PRODUCTS CAUSE CONFUSION IN POLAND
October 2nd, 2013
Poland’s new reverse-charge VAT law on certain steel products is causing confusion within the Polish steel industry. Introduced on October 1 to curb growing tax frauds, some producers and distributors fear they are unsure how to implement the new rules and that an incorrect interpretation could even spark bankruptcy.The most serious uncertainty surrounds the list of products subject to reverse-charge regulations. Even though it is quite extensive, covering more than 20 product categories, there are some potentially confusing omissions: for example non-circular ...
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