The taxation system in Poland is regarded as intricate, due to which taxpayers are interested in ways of tax refund .
Tax refunds in Poland are possible for both private persons and legal entities . The primary reason for seeking a refund is excessive payment , which can occur in different situations. tax refund in Poland In what cases is a tax refund possible?
There are a number of circumstances where an individual has the right to reimbursement of taxes:
Excessive tax payment : Frequently , taxpayers excessively pay taxes as a result of incorrect calculations in their declarations .
Tax deductions and discounts : Specific discounts can lower the tax burden , which in turn provides grounds for adjustment.
Change in status: If the financial situation of a taxpayer changes during the year, this can affect their tax liability , resulting in the possibility of a refund of overpaid taxes .
VAT Refund Process
Firms recognized for in the VAT system may claim reimbursement of VAT on certain expenses . To obtain a refund, it is necessary to adhere to the following rules:
Timely submission of reports : The VAT declaration must be submitted monthly within 25 days the end of the month .
Submitting reports electronically: Reports are sent via the web on the website of the Polish tax administration (KAS).
VAT Refund Application: An organization may file for a VAT refund in its monthly declaration . The tax authority will refund the difference between input and output VAT .
VAT Refund Timeframes
The time it takes to refund VAT change depending on certain conditions :
If the application is made to the company’s tax account , the funds are returned within 25 days.
Refunds to the company’s bank account are paid out within 60 calendar days if sales were declared in that month .
If there was no revenue, the refund is made within half a year.
Corporate Tax Reimbursement
Polish legal entities are mandated to contribute corporate income tax (CIT). The process of corporate tax refund involves the following steps :
Timely filing of the tax declaration : The corporate income tax declaration (CIT) must be filed by March 31 of the year in the year following the reporting year .
Using the online platform : The tax form is sent through the KAS website .
Requesting a tax refund : The organization files for a refund of overpaid tax through the form.
If the declaration for a refund is meets the conditions, the tax office will issue the refund within the agreed timeframe .
Advice from Tax Experts
Given the complexity of the tax regime in Poland, many residents and firms turn to help of professional advisors.
Tax consultants can support taxpayers maximize their refunds and minimize their tax burden .
Our company, providing tax services , provides help with all issues related to tax procedures and acts on behalf of clients before the tax authorities of Poland. If you have any questions , feel free to reach out at:
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