Split Payment mechanism

VAT account

A new VAT account will be added to the current or auxiliary account of your company.

You cannot decline opening such account but you may apply for opening more than one VAT account.

The obligatory VAT account will be opened:

  • regardless of the size of your company
  • no matter whether your company is an active VAT taxpayer
  • without any application

Necessity of a VAT account possesion is due to the Act of 15 December 2017 on amendment of the Act on tax on goods and services.

You can find more information about a VAT account here.

VAT Transfer

What is a VAT transfer?

From 1 July 2018 businesses with VAT accounts will be able to perform VAT transfers (split payment transfers).

This type of transfer is available:

  • only for business
  • explicitly for payments made in PLN

In order to perform VAT transfers you need following information:

  • VAT account
  • invoice number
  • number which identifies the goods or services provider for tax purposes (in most cases it will be the NIP number)

You can find more information about a VAT transfer here