The taxation system in Poland is known to be multifaceted , thus individuals and companies are interested in the possibilities of tax refund .
Reimbursement of paid taxes in Poland are available for both individuals and companies . The primary reason for seeking a refund is excessive payment , which can occur in different situations. VAT tax refund In what cases is a tax refund possible?
There are a few cases where a resident has the right to compensation of taxes:
Excessive tax payment : Frequently , taxpayers overpay taxes because of mistakes in their declarations .
Tax deductions and discounts : Particular deductions can lead to the taxable base , which in turn creates the conditions for reimbursement .
Change in circumstances : If the tax status of a taxpayer varies during the year, this can adjust the amount of taxation, resulting in the possibility of a adjustment.
Reimbursement of Value Added Tax
Companies listed for in the VAT system may receive compensation for VAT on specific costs . To apply for a refund, a company must comply with the following procedures :
Maintaining up-to-date reporting: VAT report must be submitted monthly within 25 calendar days the end of the month .
Filing online : Tax documents are filed online on the website of the Polish tax authority (KAS).
VAT Refund Procedure : An organization may claim a VAT refund through its monthly reporting . The tax authority will refund the difference between input and output VAT .
Time for VAT Reimbursement
VAT reimbursement timeframes depend on various circumstances:
If the application is made to the organization’s tax account, the refund is issued within 25 days .
Refunds to the company’s bank account are paid out within 60 days if there was declared revenue in that declaration period.
If no sales were declared , the refund is made within 180 days .
Corporate Tax Reimbursement
Companies registered in Poland are obligated to contribute corporate income tax (CIT). The corporate tax reimbursement process involves certain steps:
Timely submission of tax reports : The corporate income tax declaration (CIT) must be provided by the end of March of the year following the reporting period .
Using the online platform : The tax form is submitted via the tax office portal .
Applying for a refund: The organization files for a refund of tax overpayment through the CIT declaration .
If the application for a refund is meets the conditions, the KAS will provide compensation within the set period.
Consulting with Tax Specialists
Given the complexity of the tax regime in Poland, numerous organizations and citizens turn to help of professional advisors.
Tax specialists can support individuals and legal entities optimize their refunds and minimize their tax burden .
Our firm , offers support with all issues related to tax reporting and acts on behalf of clients before the tax authorities of Poland. If you have any need further clarification , write to us at:
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