What are conditions for the call-off stock procedure (concerns movements of goods from the territory of Poland to a territory of another Member State)

The procedure of the call-off stock takes place if the total is fulfilled are the following conditions:  

  1. goods are dispatched or transported by a taxable person registered as an EU VAT taxable person or by a third party acting on his behalf, from the territory of Poland to the territory of a Member State other than Poland, for their deliveries at a later stage and after their entry into the warehouse in the procedure a call-off stock to a VAT taxable person entitled to acquire the right to dispose of these goods as the owner, in accordance with a previously concluded agreement between these taxable persons; 
  2. the taxable person dispatching or transporting the goods has no registered office or permanent establishment in the territory of the Member State to which he transfers the goods from Poland; 
  3. a VAT taxable person whom the goods are shipped or transported is registered as an EU VAT taxable person in the territory of a Member State other than Poland, and his company name or first and last name and identification number for EU transactions assigned to him by that Member State are known to the taxable person referred to in point 2 at the time shipment or transport begins; 
  4. the VAT taxable person referred to in point 2, registers the movement of goods in the records referred to in Article 109 paragraph. 11c, and provides in the summary information referred to in article 100 (1)(5), the identification number referred to in point 3. 

Read more about our Tax compliance services in the EU https://europe-tax.com/services/tax-compliance-in-the-eu/

What are the conditions for the call-off stock procedure in Poland (concerns movements of goods from a Member State to Poland)

The procedure of the call-off stock takes place if the total is fulfilled are the following conditions:  

  1. goods are dispatched or transported by a VAT taxable person or by a third party acting on his behalf from the territory of the Member State other than Poland on the territory of Poland for their deliveries at a later stage and after their entry into the warehouse in the call-off stock procedure to another taxable person, entitled to acquire the right to dispose of these goods as the owner, in accordance with a previously concluded agreement between these taxable persons; 
  2. a VAT taxable person dispatching or transporting goods does not has its registered office or permanent place of business of economic activity on the territory of Poland; 
  3. the taxable person to whom the goods are to be delivered is registered as an EU VAT taxable person, and his company name or first and last name and tax identification number preceded by the PL code are known to the VAT taxable person sending or transporting the goods at the time the shipment or transport begins; 
  4. a VAT taxable person dispatching or transporting goods registers the movement of goods in the records referred to in Article 54a paragraph 1 of Regulation (EU) No 282/2011, and provides in the information corresponding to the ECSL lists referred to in Article 100(1)(5), a Tax identification number referred to in point 3.

Read more about our Tax compliance services in the EU https://europe-tax.com/services/tax-compliance-in-the-eu/

Polish economy in the time of COVID-19

The coronavirus pandemic and the global lockdown had an extraordinarily strong impact on the economies of all countries in the world.

However, according to the World Bank expert, the Polish economy is more resilient than others, and the fiscal situation in Poland is noticeably better than in other countries of the region.

The factors that help Polish economic situation are:

  • support from the World Bank,
  • quick interventions of the National Bank of Poland providing the necessary liquidity for the banking sector through the program of quantitative easing of monetary policy – the value of the purchases of bonds amounted to nearly 4% GDP,
  • the amount of debt in relation to Poland’s GDP is one of the lowest in the European Union, thanks to which the government has a budgetary space to respond to the crisis.

Polish government introduced many changes for entrepreneurs, which are to support them in conducting business in difficult conditions caused by COVID-19 (e.g. exemption from paying social security contributions, changes in the labor law).

The coronavirus pandemic has slowed down the Polish economy, but it also became a catalyst for the development of the e-commerce industry.

Consumers wanting to avoid the risk of contracting the virus more frequently decide to purchase through the Internet. In response to the growing demand for online shopping, more and more stores are choosing to sell online.

Read more about our Tax Advisory Services https://europe-tax.com/services/tax-advisory/