The basic VAT refund deadline is to be shortened by one third (from 60 to 40 days) – results from the draft amendment of the Ministry of Finance, which provides for the introduction of e-invoicing and the use of the National e-Invoice System (KSeF) on July 1, 2024. The Ministry of Finance indicates that thanks to the new system it will be possible to streamline and speed up the verification of the legitimacy of returns.
“Thanks to the mandatory invoicing of all invoices in KSeF, it is possible to streamline and accelerate the verification of the legitimacy of VAT returns in tax offices. Therefore, the draft assumes a general shortening of the basic VAT refund period by 1/3, from 60 to 40 days. – we read in the justification of the project.
According to the new draft of the Ministry of Finance, the obligatory use of the National e-Invoice System is to allow shortening the basic deadline for refunding the VAT surplus to 40 days. In practice, the 60-day deadline will be abolished and replaced with a 40-day deadline, while the delivery rules will be adjusted so that the rules on returns can be effectively applied by the tax authorities.
“The adopted solution assumes the application of the rules for the delivery of decisions on extending the refund period, analogous to the rules for VAT refunds within 15 days for the so-called non-cash taxpayers” – explain the project promoters.