EU Council Authorizes Poland's VAT Split-Payment System

During meetings held 18 and 19 February 2019, the EU Competitiveness Council approved a Council implementing decision authorizing Poland to introduce a split payment system for the payment of VAT (5849/19). Poland's split payment system is meant to reduce VAT fraud by splitting B2B payments so that the VAT due on an invoice at the time of payment is directly deposited into a restricted VAT acco…
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