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According to the Act of April 12, 2019, amending the Act on Goods and Services Tax and certain other laws, the legislator introduced the obligation to verify contractors' bank accounts when processing payments and to store data confirming this verification. This verification must be performed in the VAT Register, commonly known as the White List — a public registry maintained by the Head of the National Tax Administration (KAS), containing information about entrepreneurs registered, removed, or reinstated in the VAT register.
The XELTO solution enables you to verify the taxpayer’s status in the VAT Register directly from the supplier (Vendor) record in the NetSuite system using the supplier’s VAT number (NIP). It also allows you to check whether the supplier’s bank accounts are listed in the register — with just one click on the White List button.
By implementing the XELTO solution, the process of verifying contractors in the VAT Register becomes fast, convenient, and compliant with applicable regulations, minimizing the risk of errors and tax consequences related to payments made to unverified bank accounts.
The legal basis for maintaining the White List is Article 96b of the Law of March 11, 2004 on Value Added Tax. This provision specifies the data that should be included in the list and the purpose of its maintenance.Furthermore, the Act of April 12, 2019, amending the Law on Value Added Tax, introduced certain modifications to the White List, clarifying its operation.
