On 12 August 2013 daily "Dziennik Gazeta Prawna" published an article by Piotr Litwin, partner in Enodo, on VAT exemption for sale of perpetual usufruct of undeveloped land.
If in a given period input VAT charged on purchases exceeds output VAT to be paid to the treasury, the VAT regulations offer an effective and relatively easy-to-implement method to improve cash flow position.
The taxpayers may submit VAT returns within 25 days after the end of month or calendar quarter. Naturally, 25 days is the maximum deadline and earlier submission of the VAT return is perfectly admissible.
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