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Good to know SLIM VAT 3: further amendments to be introduced from 2023

SLIM VAT 3: further amendments to be introduced from 2023

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by Adrian Maczura

19 October 2022


The Ministry of Finance has prepared another version of the SLIM VAT legislative package. Its first version was presented in 2020. This is already the third package under this name. SLIM VAT aims to simplify VAT regulations. 

The bill is currently at the review stage and the planned effective date for most of the amendments is 1 January 2023. 

SLIM VAT 3 – major objectives


  1. Fewer formalities in international trade – waiver of the requirement to have a VAT invoice in order to deduct input tax on an intra-Community acquisition of goods.
  2. Simpler invoicing – lifting the obligation to issue an advance invoice if an advance payment and a supply of goods or services take place in the same accounting period.
  3. Harmonisation of the rules on exchange rates for correcting invoices – the exchange rate for converting downward and upward correcting invoices will be the same as that applied to the original invoice.
  4. No more automatic VAT penalties – definition of an upper limit for VAT penalties. This will allow the tax authorities to determine the amount of the penalty on a case-by-case basis. In certain cases, the tax authority will be able to waive the penalty.
  5. Improved liquidity of companies – extending the catalogue of payments that may be made from the VAT account to include retail sales tax, tonnage tax and the levy on foodstuffs, among others.
 
The SLIM VAT 3 bill removes many unnecessary obligations imposed on taxpayers and clarifies rules that have been established through the practice of tax authorities and taxpayers themselves. We find the proposals presented in the package to be positive. 

Do you have questions about VAT? You are welcome to contact our experts, who will be glad to respond to any concerns and provide comprehensive support.

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Adrian Maczura

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+48 606 640 095

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