Important notice of Polish Bank Account Changes from 1st January 2020
As of the 1st January 2020, the Polish Tax Authorities are changing the way they receive VAT payments. Up until the 31st December 2019, payments were made into one centralised bank account in Poland where payment references would need to be used in order to match individual VAT payments to the company who collected the VAT.
For any payments made from 1st January 2020, each company will need to make their VAT payments into their own specified Tax Micro Account.
Payments for the period of November 2019 that are made in December 2019 should be made into the usual central account. Any payments made into the central account in Poland after 1st January 2020 will be lost. The funds will not be transferred into the new Tax Micro Accounts or credited to your VAT number and therefore it is critical to pay into the correct micro account from January 2020.
At SimplyVAT.com, we are here to help ensure you are up to date on the latest VAT news that may impact your business. Contact our team at firstname.lastname@example.org for further information about your individual Tax Micro Account in Poland.
Find your Tax Micro Account here.