Due care in VAT: On 15 September, a supplement to Rzeczpospolita daily published an article entitled Należyta staranność w VAT – wysokie oczekiwania fiskusa by Michał Wodzicki of SENDERO Tax & Legal. It deals with Finance Ministry’s attempts to define a standard of “due care”. Under current law, businesses are unsure what they need to do to ensure that their right of deduction will not be questioned in connection with their counterparty’s VAT fraud. However, there are concerns about the range of verification actions expected by the authorities. For full text of the article, see Rzeczpospolita on-line service or here.
Due care in VAT – taxman’s high expectations
Date: 15 September 2017