Polish VAT Returns

How many times are Polish VAT returns required? In Poland, the default tax duration is one calendar month. These are documented manually or electrically. Although, a company can select quarterly or monthly, the VAT reporting time-span, when registering through the VAT-R form. If a company decides to file quarterly returns, it might be needed to make monthly VAT pre-payments according to turnover. The only companies that may make quarterly returns are those with a turnover of less than PLN5,068,000. Monthly returns and payments for companies providing “sensitive” materials like, rough gold, steel, and fuel are mandatory. What polish VAT can be…