Discover the tools created by Onwelo for financial and accounting departments that work in SAP systems: VATchecker, an extension that supports split payments and a solution that allows checking whether the contractor's bank account is on the Polish Ministry of Finance’s white list.
The mandatory split payment model will be effective from November 1, 2019. It consists in making a transfer to the contractor's bank account with information that specifies the net amount, VAT amount and invoice number for which such a payment was made.
To respond to the new regulations, we have created an extension in the SAP system in the part dedicated to making payments, which allows making a transfer using the split payment method. The solution updates the outgoing invoice printout with information about the split payment method. The tool supports all banks operating in Poland.
Every company in Poland is obliged to check the VAT status of its contractors. That’s why we have created an extension in the register of contractors of the SAP system and at the level of business transactions that enables businesses to check whether an entity appears in the register of VAT taxpayers.
Any payment over PLN 15,000 made to a contractor should be checked in terms of whether the bank account to which funds are transferred is an account registered in the bank account database of the Ministry of Finance, i.e. it is on the so-called white list. Sanctions for transfers to a non-whitelisted account will apply from January 1, 2020.
To respond to new regulations, we have prepared an extension in the SAP system in the part dedicated to making payments which allows businesses to check whether the contractor's bank account is on the white list.