The optional split payment mechanism was introduced in Poland on 1 July 2018. As of 1 November 2019, it is obligatory for entrepreneurs and has a huge impact on business. What should taxpayers consider when implementing this mechanism in a company? What are its business benefits? What sanctions and penalties do entrepreneurs have to face if the buyer fails to make payments under the split payment mechanism? How do you get prepared?
This and much more information on how to get prepared can be found in the English report “SPLIT PAYMENT – 20 things that you have to know” prepared by MDDP where we present comprehensive knowledge about the split payment mechanism in Poland.