The taxation system in Poland is regarded as intricate, thus individuals and companies are interested in the possibilities of tax refund .
Adjustment of overpaid taxes in Poland are possible for both private persons and companies . The key reason for applying for reimbursement is excessive payment , arising due to various circumstances . VAT tax return Under what conditions is a tax refund possible?
There are a few cases where a resident can claim reimbursement of taxes:
Excessive tax payment : Often , taxpayers excessively pay taxes because of mistakes in their tax documents.
Tax deductions and discounts : Certain deductions can reduce the taxable base , which in turn provides grounds for adjustment.
Change in financial situation : If the income of a taxpayer varies during the year, this can affect the amount of taxation, resulting in the possibility of a refund of overpaid taxes .
VAT Refund Process
Firms recognized for VAT purposes may request a VAT refund on certain expenses . To obtain a refund, it is necessary to fulfill the following conditions :
Timely submission of reports : VAT return must be submitted every month within 25 days the end of the reporting period .
Filing online : Declarations are filed online via the portal of the Polish tax authority (KAS).
VAT Refund Procedure : An organization may file for a VAT refund through its monthly reporting . The tax authority will refund the refund amount.
Time for VAT Reimbursement
VAT reimbursement timeframes depend on various circumstances:
If the application is made to the organization’s tax account, the money is reimbursed within 25 calendar days .
Compensation to a bank account occur within two months if sales were declared in that month .
If no sales were declared , the compensation is issued within 180 days .
CIT Refund
Companies registered in Poland are required 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 provided by the 31st of March of the year following the reporting period .
Filing online : The CIT declaration is submitted via the KAS website .
Applying for a refund: The firm submits for a refund of overpaid tax through the form.
If the declaration for a refund is deemed valid , the tax office will issue the refund within the agreed timeframe .
Support from Tax Consultants
Given the complexity of the tax system in Poland, numerous organizations and citizens turn to help of professional advisors.
Tax specialists can help taxpayers optimize their refunds and minimize their tax burden .
The company specializing in tax matters, assists with various aspects related to tax reporting 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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