Polish Government Approve Draft Bill to Simplify and Modify VAT for Small Businesses

Poland's Ministry of Finance announced that the government approved a draft bill to simplify and modify VAT for small businesses on 10 September 2024. Among other things, the draft bill includes amendments in regard to the EU small business scheme for cross-border supplies. This includes that a taxable person established in another EU Member State can apply the VAT exemption in Poland if their annual turnover in Poland does not exceed PLN 200,00 and their annual turnover in the EU does not e…