Government to simplify submission of VAT returns

 On Thursday, the government will be working on a draft bill providing for the simplification of VAT settlements. The proposed draft amendment for the VAT Act envisions that VAT payers will be submitting their VAT declarations to the tax office in the form of a new JPK_VAT file sent electronically only. The file will replace the VAT-7 and VAT-7K forms, as well as VAT records.

(PAP)