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Split payment - SAP position
As of 1 July 2018, the Split Payment mechanism (split VAT payment) will become effective in Poland. Its use is voluntary, however, if one of the company’s contractors starts to use it, it becomes obligatory for both parties. In such a situation, the buyer pays the net value to the supplier's bank account for each transaction (goods/services) and the VAT amount is credited to a separate VAT account belonging to the supplier, which is also inspected by the tax authorities.
The mechanism itself aims to increase the transparency of VAT settlements and reduce fraud. One of the biggest advantages of using Split Payments is the reduction of the VAT refund time to 25 days for a VAT account or 60 days for a regular account.
SAP presented its position on Split Payment to Poland in note 2607042. The official solution is still in the pilot phase. Until the end of April this year, closed solution tests are being conducted for selected customers (SAP notes 2624533 and 2627169).
(Source of images: http://go.sap.com)
9th European Economic Congress in Katowice
On May 10, 2017, we took part in the 9th European Economic Congress in Katowice. More than 10,000 guests were invited, including us as BTech Team. While attending interesting panel discussions, we could learn a lot about modern IT applications in the global economy. Every year, this event attracts thousands of Polish and foreign visitors. In networking, we met people who want to promote and implement SAP solutions in companies.
The forum in Katowice is not only a meeting of the most important people from the world of business, industry and IT technologies. "The system integration between companies and the cooperation between IT subcontractors is of the greatest importance'', Andrius Kubilius, the Lithuanian Prime Minister in the years 2008-2012, said. On May 10, 2017, an event took place in the capital of Upper Silesia which was very important for the team of BTech Sp. z o.o. and, at the same time, was a milestone in the development process of economic life at European and global level. Participation in the forum makes it possible for companies from different industries and areas linked by SAP system to meet and share their experiences