New Rules for Adjustment of Accrued Tax
Let’s take a look at the draft amendments to the VAT Law, as well as to the National e-Invoicing System (KSeF), which aim to bring the e-invoicing rules in SAP, among others, in line with the new realities of the digital world. Specifically, the focus will be on changes to Article 31a of the VAT Law and Article 86, which will introduce simplifications for taxpayers, as well as new rules for adjusting input tax.
Adjustment of Article 31a in the Context of KSeF SAP
The bill implies significant changes to Article 31a of the VAT Law regarding the use of the foreign currency exchange rate when issuing an e-invoice in SAP. The key point is the possibility of adjusting the exchange rate according to the average exchange rate of a given foreign currency announced by the National Bank of Poland on the last business day preceding the day referred to in Article 106e, paragraph 1, point 1. However, the taxpayer must issue an invoice structured using KSeF SAP no later than the day after the day referred to in this provision. This convenience is intended to reduce obligations related to exchange rate adjustments, especially for taxpayers generating thousands of invoices in SAP.
Amendments to Article 86 on Adjustments to Accrued Tax
The draft also introduces significant changes to Article 86 of the VAT Law regarding adjustments that reduce the value of input tax. In the context of e-invoicing, taxpayers will be able to make adjustments according to the new rules.
Adjustments “in minus” using KSeF in SAP
The buyer will be obliged to correct the input tax “in minus” in the settlement for the period in which he received the structured corrective invoice. With KSeF in SAP, the timing of the invoice is the same as the date of receipt, eliminating the risk of missing the adjustment.
Adjustment Rules for Invoices other than Structured Invoices in KSeF
Rules are being introduced for the correction of input tax in the case of invoices other than structured invoices, both for paper invoices, electronic invoices and those sent to KSeF on SAP. The new rules aim to ensure consistency and neutrality of billing for all types of invoices.
Additional Rules for Non-Resident Buyers
Separate adjustment rules are being introduced for “in minus” correcting invoices for a non-resident buyer. The buyer is required to reduce the input tax in the period in which the seller issued the invoice, and the date of receipt is shown in the KSeF.
These changes are intended to minimize the administrative burden on taxpayers, while ensuring efficiency and transparency in tax adjustment issues. It is worth keeping an eye on the development of these changes, as they can significantly affect the daily operation of businesses and improve the quality of tax service.
We invite you to take advantage of our services related to adjustment to the changes in the VAT Act and KSeF. Our SAP KSeF solution offers comprehensive mechanisms for effective invoice management, facilitating tax adjustment processes. By ordering our solution, you will gain access to mechanisms that pull data from SAP SD and SAP FI, convenient windows for managing structured invoices, software for sending invoices in KSeF format, and the ability to approve invoices before sending. In addition, we offer notifications of incoming invoices from KSeF, detailed diagnostics of connection errors, logging of each invoice activity in SAP, and automatic download of data from KSeF to SAP. Make an appointment for a product demonstration and see how our solution can streamline the daily operations of your business and improve your tax service.
