References
VAT Compliance
Contact usVAT process handling
Increased reporting obligations imposed by tax authorities and changes in tax legislation can result not only in information chaos, but also in consequences from supervisory authorities. Particular diligence in the area of accounting entrepreneurs must take care of the timeliness and correctness of the submission of returns and payment of tax liabilities.
The handling of the VAT process applies both to companies with full accounting in Poland and for companies registered only for VAT purposes precisely. The dynamic pace of change requires a significant commitment from the company to update its knowledge of the VAT law, but without the ability to confirm the interpretation of the new provisions, even a significant amount of time spent does not guarantee a sense of properly made decisions.
VAT registers and declarations
Every active VAT taxpayer is required to keep a purchase register and a VAT sales register. The document should include:
- data that will allow to determine the subject and the tax base,
- the amount of output tax,
- amounts of input tax,
- the amounts of any adjustments of output and input tax,
- the amounts of tax subject to payment to or reimbursement from the tax office,
- other data to identify individual transactions, including the number by which the counterparty is identified for tax or value-added tax purposes.
As part of our cooperation, we prepare such records, and on their basis we create VAT returns and JPK_VAT.
Active VAT taxpayers are also required to create and send tax returns (the most popular are VAT-7 for monthly settlements and VAT-7K for quarterly settlements) and JPK_VAT Single Control Files - registers of VAT sales and purchases.
