The tax system in Poland is considered multifaceted , which is why individuals and companies often inquire about the possibilities of tax overpayment adjustment.
Reimbursement of paid taxes in Poland are can be obtained for both citizens and organizations. The key reason for seeking a refund is paying more than necessary, that happens due to various circumstances . corporate income tax refund In what cases is a tax refund possible?
There are several situations where a resident has the right to a refund of taxes:
Overpayment of taxes : Often , taxpayers overpay taxes because of mistakes in their reports .
Tax deductions and discounts : Particular discounts can lead to the taxable base , which in turn creates the conditions for adjustment.
Change in status: If the tax status of a taxpayer fluctuates during the year, this can affect the amount of taxation, resulting in the possibility of a adjustment.
VAT Refund Process
Companies registered for in the VAT system may claim compensation for VAT on business-related expenditures. To apply for a refund, it is necessary to adhere to the following rules:
Maintaining up-to-date reporting: The VAT declaration must be provided monthly within 25 days the end of the month .
Submitting reports electronically: Declarations are submitted through the internet through the website of the Polish tax authority (KAS).
VAT Refund Request : A company can file for a VAT refund in its monthly declaration . The tax authority will refund the difference between input and output VAT .
How quickly is VAT refunded?
VAT reimbursement timeframes change depending on various circumstances:
If the application is made to the organization’s tax account, the money is reimbursed within 25 days.
Reimbursement to a bank account are paid out within two months if the company declared revenue in that declaration period.
If no sales were declared , the refund is refunded within six months .
Corporate Income Tax Refund
Polish legal entities are mandated to contribute corporate income tax (CIT). The process of corporate tax refund involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be submitted by March 31 of the year of the next calendar year.
Using the online platform : The report is filed through the tax office portal .
Filing for reimbursement : The organization files for a refund of excess tax paid through the form.
If the declaration for a refund is considered correct , the tax authority will return the money within the established timeframes .
Support from Tax Consultants
Understanding the complexity of the tax regime in Poland, many companies and individuals turn to help of professional advisors.
Tax experts can help taxpayers maximize their refunds and reduce their tax liabilities .
The company specializing in tax matters, assists with various aspects related to tax procedures and defends the interests of clients before the tax administration of Poland. If you have any need further clarification , please contact us at:
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