Poland is making it harder for businesses to commit VAT fraud.
Companies would be required to make all business-to-business payments to officially registered bank accounts, under legislation the Senate passed May 9.
- The measure would try to prevent fraud that involves vendors selling goods, adding value-added tax to the price, and then not paying the collected VAT to the tax authority.
- Businesses that fail to make payments to registered bank accounts would lose the ability to book those payments as tax-deductible costs. They would also be liable for any VAT not paid to the tax authority by the business ...