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VAT Law Update.
(From Polish News Bulletin)
The Sejm may soon pass an update to the VAT law, which will change regulations concerning VAT tax deductions. Taxpayers eligible for a deduction for selling products at discount price will be required to have a written confirmation of the receipt of correcting invoice from the client. Otherwise, the deduction will be granted only on the basis of a positive decision from an administrative court. Discounts qualify to tax deductions, as they are actual reductions of income from the sale of a product. Yet, as the requirement of ...
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