The tax regime in Poland is known to be complex , thus individuals and companies often inquire about methods of tax refund .
Adjustment of overpaid taxes in Poland are possible for both individuals and companies . The key reason for applying for reimbursement is paying more than necessary, arising due to various circumstances . tax refund in Poland In what cases is a tax refund possible?
There are several situations where a resident can claim a refund of taxes:
Excessive taxation: Often , taxpayers overpay taxes because of mistakes in their reports .
Tax deductions and discounts : Particular discounts can reduce the taxable base , which in turn makes it possible to adjustment.
Change in status: If the tax status of a taxpayer changes during the year, this can adjust their tax burden , resulting in the possibility of a reimbursement .
VAT Refund
Firms listed for VAT may receive compensation for VAT on certain expenses . To apply for a refund, a company must fulfill the following conditions :
Timely filing of declarations : VAT report must be submitted monthly within 25 days the end of the accounting period.
Submitting reports electronically: Tax documents are sent via the web via the portal of the Polish tax administration (KAS).
VAT Refund Request : An organization may claim a VAT refund in its monthly declaration . The tax authority will compensate the difference between input and output VAT .
How quickly is VAT refunded?
The time for VAT refunds depend on certain conditions :
If the application is made to the company’s tax account , the refund is issued within 25 days.
Compensation to a bank account occur within 60 days if sales were declared in that month .
If no sales were declared , the compensation is made within half a year.
Corporate Income Tax Refund
Companies registered in Poland are mandated to pay corporate income tax (CIT). The procedure for CIT refund involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be provided by the end of March of the year following the reporting period .
Using the online platform : The tax form is sent through the KAS website .
Requesting a tax refund : The firm submits for a refund of excess tax paid through the CIT declaration .
If the application for a refund is deemed valid , the KAS will return the money within the agreed timeframe .
Support from Tax Consultants
Acknowledging the intricacies of the tax regime in Poland, many companies and individuals use the support of tax consultants .
Tax specialists can support taxpayers optimize their refunds and minimize their tax burden .
Our firm , provides help with all issues related to taxation and defends the interests of clients before the tax office of Poland. If you have any want to consult, write to us at:
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