From November 1, 2019, the regulations regarding using the Split Payment mechanism changed - giving taxpayers, among others:
- the possibility of making a single payment for more than one invoice
- the option of using funds accumulated on a VAT account to pay tax liabilities other than goods and services tax.
In the iPKO biznes electronic banking system, it is possible to make collective payments under one Split Payment transfer and use of funds accumulated on the VAT account to regulate other tax obligations.
Changes in the law do not affect the technical aspects of making Split Payments. Detailed information on what data should be provided when making collective payments or what liabilities can be paid by funds accumulated on the VAT account, can be obtained on the websites of the Ministry of Finance and on the National Tax Information Hotline.