The taxation system in Poland is regarded as intricate, thus residents often inquire about ways of tax overpayment adjustment.
Reimbursement of paid taxes in Poland are possible for both citizens and legal entities . The primary reason for applying for reimbursement is overpayment of taxes , that happens for various reasons . tax return in poland Under what conditions is a tax refund possible?
There are several situations where a taxpayer may be entitled to reimbursement of taxes:
Excessive tax payment : In many cases, 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 makes it possible to a tax refund .
Change in circumstances : If the tax status of a taxpayer fluctuates during the year, this can alter their tax burden , resulting in the possibility of a reimbursement .
VAT Refund Process
Firms registered for VAT purposes may request a VAT refund on business-related expenditures. To apply for a refund, a company must comply with the following procedures :
Maintaining up-to-date reporting: VAT report must be filed on a monthly basis within 25 days after the end of the reporting period .
Submitting reports electronically: Declarations are sent via the web on the website of the Polish tax administration (KAS).
VAT Refund Procedure : A company can claim 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 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 calendar days if sales were declared in that reporting period .
If there was no revenue, the compensation is issued within 180 days .
CIT Refund
Firms registered in Poland are required to pay corporate income tax (CIT). The procedure for CIT refund involves certain steps:
Timely submission of tax reports : The corporate income tax declaration (CIT) must be submitted by March 31 of the year in the year following the reporting year .
Electronic submission of the declaration: The CIT declaration is submitted via the KAS platform.
Filing for reimbursement : The firm submits for a refund of excess tax paid through the form.
If the application for a refund is meets the conditions, the tax office will return the money within the established timeframes .
Consulting with Tax Specialists
Given the complexity of the tax regime in Poland, numerous organizations and citizens turn to help of tax consultants .
Tax specialists can assist companies and individuals optimize their refunds and minimize their tax burden .
The company specializing in tax matters, offers support with all issues related to tax procedures and acts on behalf of clients before the tax authorities of Poland. If you have any need further clarification , feel free to reach out at:
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