The tax regime in Poland is considered complex , due to which residents seek understanding of ways of tax reimbursement .
Adjustment of overpaid taxes in Poland are available for both citizens and legal entities . The primary reason for applying for reimbursement is overpayment of taxes , which can occur in different situations. VAT tax refund In what cases is a tax refund possible?
There are a number of circumstances where a resident may be entitled to reimbursement of taxes:
Overpayment of taxes : Often , taxpayers overpay taxes because of mistakes in their tax documents.
Favorable tax conditions: Certain deductions can lower the taxable base , which in turn creates the conditions for reimbursement .
Change in financial situation : If the tax status of a taxpayer changes during the year, this can affect the amount of taxation, resulting in the possibility of a refund of overpaid taxes .
VAT Refund
Organizations recognized for VAT purposes may request compensation for VAT on specific costs . To apply for a refund, it is necessary to fulfill the following conditions :
Timely submission of reports : VAT return must be submitted on a monthly basis within 25 days the end of the accounting period.
Submitting reports electronically: Declarations are filed online on the website of the Polish tax authority (KAS).
VAT Refund Procedure : A firm is entitled to request a VAT refund in its monthly declaration . The tax authority will refund the refund amount.
How quickly is VAT refunded?
The time it takes to refund VAT change depending on various circumstances:
If the refund is requested to the organization’s tax account, the funds are returned within 25 days .
Reimbursement to a bank account are paid out within 60 days if sales were declared in that reporting period .
If no sales were declared , the refund is refunded within 180 days .
CIT Refund
Firms registered in Poland are mandated to pay corporate income tax (CIT). The corporate tax reimbursement process involves the following steps :
Timely submission of tax reports : The corporate income tax declaration (CIT) must be provided by March 31 of the year following the reporting period .
Electronic submission of the declaration: The report is submitted via the KAS website .
Applying for a refund: The organization files for a refund of excess tax paid through the form.
If the declaration for a refund is meets the conditions, the tax office will provide compensation within the established timeframes .
Consulting with Tax Specialists
Understanding the complexity of the taxation system in Poland, many companies and individuals use the support of tax consultants .
Tax experts can assist taxpayers maximize their refunds and minimize their tax burden .
Our firm , assists 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, please contact us at:
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