Magdalena Szczepańska, Dawid Przeździak

In order to apply the proper VAT treatment to a supply of goods you need to know when the tax becomes chargeable and what its amount is in PLN. Where continuous supplies denominated in foreign currencies are involved, the hardest part is to determine when the successive individual supplies may be treated as completed, which is then determinative of which exchange rate to apply to translate the amount of VAT. The article refers to specific VAT Act regulations to be relied upon to determine when the charge to tax arises, as well as discussing how this topic is approached by tax authorities and courts – a useful thread which can assist taxable persons in resolving timing issues with chargeability of VAT in their particular circumstances.