SAF-T to replace VAT declarations next year - FinMin

According to the Finance Minister Teresa Czerwińska, the Standard Audit File for Tax (SAF-T) will replace VAT declarations starting from 2019. In January, 94.5 percent of VAT taxpayers submitted SAF-T files and after the analysis, 85,000 of them were flagged as suspicious. According to FinMin, they were issued by 36k entities and have PLN 105 million value. Czerwińska added that despite increased inflows from VAT tax, the government doesn’t plan on returning to the previous, lower VAT rates. “I don’t think this is the best moment for it. We have to eliminate those pathologies that have accumulated in the system over the years,” she said. She pointed out that SAF-T is not only a tool for increasing revenues to the state budget, but it is also a tool to support fair competition.