Poland Enforcing Split Payments

It has been confirmed that the Polish Authorities are planning on enforcing split payments for industries vulnerable to VAT fraud, in particular scrap metal, electronics, precious metals, steel and car parts for B2B transactions will come into force some time later this year.

The impact on foreign businesses who currently settle by bank transfers which are subject to VAT in Poland will also be required to open a bank account in Poland. However it is not clear how this will be enforced.

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