The Polish Ministry of Finance June 25 opened a consultation on a draft bill to amend the VAT Act to implement EU Directive 2020/285, on the special regime for small businesses. The bill includes measures to: 1) allow small businesses established in other EU countries to elect the VAT exemption if annual EU turnover doesn’t exceed 100,000 euros (US$106,788); 2) provide small Polish businesses with an annual domestic turnover below 200,000 Polish zloty (US$49,512) an option for a VAT exemption on their local supplies; 3) establish rules for determining the place of supply of certain services as per Directive 2022/542; ...
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