The taxation system in Poland is regarded as complex , thus residents often inquire about the possibilities of tax overpayment adjustment.
Tax refunds in Poland are can be obtained for both citizens and companies . The primary reason for seeking a refund is overpayment of taxes , arising due to various circumstances . tax refund in Poland When is a tax refund possible?
There are several situations where a resident may be entitled to a refund of taxes:
Excessive tax payment : Often , taxpayers overpay taxes due to errors in their tax documents.
Tax deductions and discounts : Specific deductions can lead to the taxable base , which in turn creates the conditions for adjustment.
Change in financial situation : If the financial situation of a taxpayer varies during the year, this can adjust their tax liability , resulting in the possibility of a adjustment.
Reimbursement of Value Added Tax
Organizations listed for VAT may claim a VAT refund on specific costs . To obtain a refund, it is necessary to comply with the following procedures :
Timely submission of reports : VAT report must be submitted every month within 25 days after the end of the month .
Submitting reports electronically: Declarations are filed online on the website of the Polish tax authority (KAS).
VAT Refund Procedure : A company can claim a VAT refund through its monthly reporting . The tax authority will refund the difference between input and output VAT .
How quickly is VAT refunded?
VAT reimbursement timeframes depend on various circumstances:
If the refund is applied for to the company’s tax account , the money is reimbursed within 25 days .
Compensation to a bank account occur within two months if there was declared revenue in that month .
If no sales were declared , the refund is made within half a year.
CIT Refund
Polish legal entities are required to remit corporate income tax (CIT). The process of corporate tax refund involves these stages :
Timely presentation of the report: The corporate income tax declaration (CIT) must be provided by the 31st of March of the year following the reporting period .
Filing online : The tax form is filed through the tax office portal .
Applying for a refund: The firm submits for a refund of overpaid tax through the form.
If the declaration for a refund is meets the conditions, the tax office will return the money within the set period.
Support from Tax Consultants
Understanding the complexity of the tax system in Poland, many residents and firms turn to help of professional advisors.
Tax specialists can assist individuals and legal entities optimize their refunds and reduce their tax liabilities .
The company specializing in tax matters, assists with various aspects related to tax reporting and defends the interests of clients before the tax authorities of Poland. If you have any questions , write to us at:
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