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Hi everyone In today's video I am going to talk about

reporting and refunds of Value Added Tax. the default tax period for VAT in Poland is

one calendar month.

However, the VAT reporting period, quarterly or monthly, can be selected by a business

owner or management board when registering to VAT .

Polish monthly or quarterly VAT returns are due on the 25th of the month following the

reporting period end.

Any Polish VAT due must be paid at the same time.

In the case where a business has opted to file quarterly returns but is required to

make monthly prepayments.

If there is more VAT incurred than charged then a Polish VAT credit arises this is due

back to the VAT registered business from the tax authorities.

This credit can be refunded or carried forward to offset any tax due in the next period.

A business applying for a VAT refund in Poland will be subject to time limits depending on

the nature of the transactions involved.

The current rules set a time limit of 60 days for the Polish authorities to pay back a VAT

refund.

This limit will be reduced to 25 days when a number of conditions are met.

Where the conditions are not met, the 60 days limit will remain applicable.

Also if there were no sales during the reporting period time limit can be prolonged to 180

days.

The Polish VAT law also allows direct refunds when input VAT (available for deduction) exceeds

output VAT.

A Polish business may also be entitled to the VAT refund owed by another country under

certain circumstances.

Likewise, a foreign business having seat or fixed place of business for VAT purposes outside

of Poland may be, in most cases, entitled to the refund of Polish VAT.

If the respective countries belong to the European Union, the procedure is substantially

simplified due to the EU Directive, which provides favourable rules for businesses based

in EU countries that are seeking VAT refunds in other EU countries - so called electronic

VAT refunds are possible.

Those are the main rules on VAT reporting and refund.

Hope you found this video useful.

See you next time.

For more infomation >> How to get a refund VAT? Reporting on the value-added tax. 18+ - Duration: 2:50.

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How Do Medical Collections Affect Your Ability to Get a Home? | #AskPelican in Your Community - Duration: 3:14.

We do see this very, very often. A lot of times folks will say, "Oh, medical don't

matter on the credit report." It does matter.

Let me tell you how it works. Whenever you have a medical collection on your

credit report that has just hit recently, and when I say recently, I mean within

the last two to three years. You always want to look at the area that says, and

I'm gonna kind of tell you a lot about this because it affects a lot of folks.

You're gonna look at the area that says DLA. It's gonna be in capital letters.

That's your date of last activity. And so, on that medical collection item, if that

DLA is within about three years that is strongly affecting your credit score in

a major way, especially if it has just hit, and what tends to happen is that

while you're working on your credit, trying to get your credit straight, and

you start to pay off negative items and work on your credit report. A lot of

those old medical bills will start to hit your credit report. So yes,

this affects your credit in a major way and your score. The other thing is

that, you know, folks will always ask a lot of times, "Well how long is this gonna

stay on my credit report?" The same thing, it's called the statute of limitations

and those are the credit laws. So in the collections, on that collection item, the

same thing the DLA and you count seven years forward, in other words, if you have

one say from 2011, 12, 13, 14, 15, 16 and 17. You know in that year, or what have you,

it's gonna purge or come off of your credit report. So collection items that

are medical definitely affects the credit report, credit score. Also, a lot of

times folks want to know, you know, "What is this item?" you know, "Where is it

from?" and they'll ask us, at Pelican State. We don't pull the consumer version

credit report, so because of HIPAA privacy we're limited as to the information that

we will have. We will work on getting those items paid off, taken care of, and then we'll work on deletions. Let me tell you about

deletions. Everybody, when they pay an item in full, everyone wants the items

deleted. Anybody been affected by that here? "I feel like I paid it off so it

should be deleted." Well, a deletion is not done as a law it's done as a courtesy. So

it's to the discretion of the collection agencies if they'll delete it from your

credit report. But they do have to show zero balance and paid on the credit

report and it will help your score. Okay, so medical collections do matter. So,

those are things you want to take care of. My cards are here, see me afterward, I

can help you. A lot of times I have clients that come to me that literally

just need to pay a few doctor bills and pay the credit cards down and you're

that close to being able to purchase a home. So definitely see someone like

myself.