The tax regime in Poland is considered intricate, which is why individuals and companies seek understanding of the possibilities of tax refund .
Adjustment of overpaid taxes in Poland are available for both citizens and companies . The key reason for seeking a refund is overpayment of taxes , that happens due to various circumstances . tax refund in Poland When is a tax refund possible?
There are several situations where an individual may be entitled to reimbursement of taxes:
Excessive taxation: In many cases, taxpayers excessively pay taxes as a result of incorrect calculations in their tax documents.
Deductions and allowances : Specific discounts can lower the amount of tax liability, which in turn makes it possible to a tax refund .
Change in status: If the financial situation of a taxpayer fluctuates during the year, this can adjust the amount of taxation, resulting in the possibility of a refund of overpaid taxes .
VAT Refund
Firms recognized for VAT purposes may receive a VAT refund on business-related expenditures. To obtain a refund, it is necessary to fulfill the following conditions :
Maintaining up-to-date reporting: VAT report must be submitted on a monthly basis within 25 calendar days the end of the month .
Using the online platform : Declarations are submitted through the internet through the website of the Polish tax authority (KAS).
VAT Refund Procedure : A company can file for a VAT refund via its monthly VAT return. The tax authority will compensate the difference between input and output VAT .
How quickly is VAT refunded?
The time for VAT refunds depend on a number of factors :
If the application is made to the company’s tax account , the funds are returned within 25 days.
Compensation to a bank account are paid out within 60 days if sales were declared in that month .
If there was no revenue, the reimbursement is refunded within 180 days .
Corporate Income Tax Refund
Firms registered in Poland are obligated to contribute corporate income tax (CIT). The corporate tax reimbursement process involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be submitted by the end of March of the year of the next calendar year.
Using the online platform : The CIT declaration is filed through the tax office portal .
Applying for a refund: The firm submits for a refund of tax overpayment through the CIT declaration .
If the declaration for a refund is deemed valid , the tax authority will return the money within the established timeframes .
Consulting with Tax Specialists
Acknowledging the intricacies of the tax regime in Poland, many companies and individuals seek assistance of tax consultants .
Tax experts can help individuals and legal entities increase their refunds and minimize their tax burden .
Our firm , assists with all issues related to tax procedures and defends the interests of clients before the tax administration of Poland. If you have any need further clarification , feel free to reach out at:
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