The reverse charge mechanism consists in transferring the VAT settlement obligation from the supplier to the buyer. A reverse charge transaction exempts a taxable person supplying goods or service from the obligation to pay VAT. As a consequence, the seller issues a sales invoice without VAT, with the annotation "reverse charge" and prepares a VAT-27 declaration. On the other hand, the entity obliged to charge VAT is the buyer, who at the same time retains the right to deduct input VAT on the purchase.

From January 01, 2017, the limit of cash transactions between enterprises referred to in art. 22 paragraph 1 of the Freedom of Business Activity Act to PLN 15.000,00.

The new rules apply for transactions concluded from January 01, 2017.

What is a uniform control file?

The single control file (JPK) is a set of data on economic operations for a given period, generated from the IT systems of the economic entity through direct export in a standardized structure and format to tax authorities and fiscal control authorities.

Correcting invoices recognized in the month of issue

From January 1, 2016, corrective invoices issued as a result of receiving the return of goods, granting discounts or increasing the price resulting from the terms of the contract are to be recognized as a revenue adjustment in the settlement period in which the corrective invoice was issued, by reducing or increasing revenues

Companies outdo each other in gaining customers, tempting with cheap prices.
Accounting services, due to their nature, are important on a micro and macroeconomic scale. With the help of accounting, analyzes are made on the basis of which you can rationally manage and control the company and make decisions related to the development of each enterprise. Decisions made at the level of a single entity affect the economy of the country in which they operate on a macro scale.