The tax regime in Poland is regarded as multifaceted , thus taxpayers often inquire about the possibilities of tax reimbursement .
Adjustment of overpaid taxes in Poland are available for both citizens and organizations. The key reason for applying for reimbursement is paying more than necessary, that happens due to various circumstances . VAT tax return When is a tax refund possible?
There are a few cases where a taxpayer may be entitled to reimbursement of taxes:
Excessive taxation: Often , taxpayers pay more taxes because of mistakes in their reports .
Favorable tax conditions: Particular allowances can reduce the amount of tax liability, which in turn creates the conditions for a tax refund .
Change in circumstances : If the financial situation of a taxpayer changes during the year, this can alter their tax liability , resulting in the possibility of a adjustment.
VAT Refund
Companies registered for in the VAT system may claim reimbursement of VAT on certain expenses . To obtain a refund, it is necessary to fulfill the following conditions :
Timely submission of reports : The VAT declaration must be provided on a monthly basis within 25 calendar days the end of the accounting period.
Submitting reports electronically: Reports are filed online via the portal of the Polish tax authority (KAS).
VAT Refund Request : An organization may file for a VAT refund in its monthly declaration . The tax authority will compensate the difference between input and output VAT .
Time for VAT Reimbursement
VAT reimbursement timeframes may vary certain conditions :
If the refund is requested to a tax account , the funds are returned within 25 days .
Refunds to the company’s bank account are paid out within 60 days if there was declared revenue in that reporting period .
In the absence of sales , the reimbursement is issued within 180 days .
CIT Refund
Polish legal entities are mandated to remit corporate income tax (CIT). The process of corporate tax refund involves certain steps:
Timely submission of tax reports : The corporate income tax declaration (CIT) must be submitted by the end of March of the year of the next calendar year.
Filing online : The report is filed through the tax office portal .
Applying for a refund: The company applies for a refund of overpaid tax through the CIT declaration .
If the application for a refund is meets the conditions, the KAS will issue the refund within the established timeframes .
Support from Tax Consultants
Given the complexity of the taxation system in Poland, many residents and firms use the support of professional advisors.
Tax specialists can support companies and individuals increase their refunds and minimize their tax burden .
The company specializing in tax matters, provides help with various aspects related to tax procedures and represents the interests of clients before the tax authorities of Poland. If you have any questions , feel free to reach out at:
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