New classification of goods and services subject to the decreased VAT rate.

10-01-2011

Entrepreneurs should remember that the amendments within the scope of VAT which became binding at the beginning of 2011 do not consist exclusively of the temporary increase in the tax rate. Moreover, since January 1, 2011 the new wording of enclosure no. 3 to the act on goods and services has been in force. The enclosure defines goods and services subject to the decreased VAT rate of 7% (temporarily 8%). The amendment to the enclosure also results in the necessity to adjust statistical symbols, which entrepreneurs use, to the Polish Classification of Goods and Services (PKWiU) of 2008. Until now for accountancy purposes entrepreneurs were using symbols from PKWiU of 1997, to which the enclosure no. 3 to the act was applicable.

Contact person: Lech Gniady, lg@pnplaw.pl
 

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