The tax system in Poland is regarded as complex , due to which residents often inquire about methods of tax refund .
Tax refunds in Poland are available for both individuals and legal entities . The primary reason for applying for reimbursement is excessive payment , that happens due to various circumstances . tax refund in Poland Under what conditions is a tax refund possible?
There are several situations where a taxpayer may be entitled to reimbursement of taxes:
Overpayment of taxes : Often , taxpayers overpay taxes because of mistakes in their reports .
Tax deductions and discounts : Certain deductions can reduce the tax burden , which in turn makes it possible to a tax refund .
Change in financial situation : If the tax status of a taxpayer varies during the year, this can alter their tax liability , resulting in the possibility of a refund of overpaid taxes .
Reimbursement of Value Added Tax
Firms listed for VAT may receive reimbursement of VAT on business-related expenditures. To request a refund, a company must adhere to the following rules:
Timely filing of declarations : VAT return must be provided on a monthly basis within 25 calendar days the end of the reporting period .
Using the online platform : Reports are submitted through the internet via the portal of the Polish tax office (KAS).
VAT Refund Request : A company can request a VAT refund via its monthly VAT return. The tax authority will reimburse the refund amount.
VAT Refund Timeframes
The time for VAT refunds may vary certain conditions :
If the application is made to the organization’s tax account, the money is reimbursed within 25 calendar days .
Reimbursement to a bank account occur within two months if the company declared revenue in that reporting period .
If no sales were declared , the reimbursement is made within half a year.
Corporate Income Tax Refund
Polish legal entities are required to contribute corporate income tax (CIT). The procedure for CIT refund involves the following steps :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be filed by March 31 of the year following the reporting period .
Electronic submission of the declaration: The CIT declaration is filed through the KAS website .
Filing for reimbursement : The company applies for a refund of excess tax paid through the report .
If the declaration for a refund is considered correct , the tax authority will issue the refund within the established timeframes .
Advice from Tax Experts
Given the complexity of the taxation system in Poland, many companies and individuals seek assistance of tax consultants .
Tax specialists can assist individuals and legal entities maximize their refunds and lower their tax obligations.
Our firm , provides help with various aspects related to tax reporting and represents the interests of clients before the tax authorities of Poland. If you have any want to consult, write to us at:
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