The “call-off stock” magazine in the Polish VAT Act
The new regulations are an implementation of the EU Directive and replace the consignment warehouses which have been functioning in VAT so far. In general, movements of goods under the call-off stock procedure are not considered to be intra-Community acquisitions of goods (WNT). In order to be able to use this procedure, strict conditions laid down in the VAT Act must be met. If they are fulfilled, the advantage of this procedure is that the WNT can be declared no later than twelve months after the goods have entered the warehouse. During this period, the sale of goods in the warehouse may also take place and in such a transaction shall also not be considered to be a WNT after fulfilling the statutory conditions.
The „other way” transaction is also regulated, i. e. Intra-Community supply of goods (WDT). Likewise, a transfer in the „call-off stock” procedure is not considered to be a WDT provided the statutory conditions are met. Then, no later than twelve months after the introduction of the goods to the call-of stock, but at the time of the start of disposal of the goods as the owner can declare a WDT.
Entities performing both WDT (intra-community delivery of goods) and WNT (intra-Community acquisition of goods) under the „call-off stock” procedure are obliged to keep new types of additional records.
The purpose of the introduced changes is to make it easier for entrepreneurs making supplies or acquisitions within the EU to settle intra-Community VAT.
61-730 Poznań +48 61 853 56 48[email protected]
00-124 Warsaw +48 22 300 16 74[email protected]
50-088 Wrocław +48 61 853 56 48[email protected]
31-355 Kraków +48 61 853 56 48[email protected]
65-071 Zielona Góra +48 61 853 56 48[email protected]