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Interest from granting a loan – ruling by the Opole Tax Office on Jan. 13, 2005 |
The tax office has stated that, if a loan agreement provides due dates
for payment of capital and interest, then the lender will be obliged to
issue an invoice no more than 7 days after the deadline for payment has
passed.
Whether or not interest has actually been paid is irrelevant here. The
due date for payment of loan instalments is considered to be the day
the service is provided, which should be confirmed accordingly with a
VAT invoice.
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If interest is paid before it falls due, then the payment received must be treated as an advance payment. |
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